Janus Henderson Group PLC Cuts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Janus Henderson Group PLC lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,921,224 shares of the company’s stock after selling 943,578 shares during the period. Janus Henderson Group PLC owned approximately 2.44% of Howmet Aerospace worth $994,602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hilltop Holdings Inc. raised its holdings in shares of Howmet Aerospace by 100.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 10,911 shares of the company’s stock valued at $1,094,000 after purchasing an additional 5,471 shares in the last quarter. Holocene Advisors LP purchased a new position in Howmet Aerospace in the 3rd quarter worth approximately $6,969,000. Chevy Chase Trust Holdings LLC increased its holdings in Howmet Aerospace by 3.4% in the third quarter. Chevy Chase Trust Holdings LLC now owns 218,852 shares of the company’s stock valued at $21,940,000 after buying an additional 7,125 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Howmet Aerospace by 4,836.8% in the 3rd quarter. True Wealth Design LLC now owns 938 shares of the company’s stock worth $94,000 after acquiring an additional 919 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Howmet Aerospace by 25.2% in the third quarter. Captrust Financial Advisors now owns 23,802 shares of the company’s stock valued at $2,386,000 after buying an additional 4,787 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

HWM has been the topic of several recent analyst reports. Susquehanna lifted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their target price on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. UBS Group lifted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Robert W. Baird raised their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Stock Down 0.6 %

Shares of NYSE:HWM opened at $117.69 on Tuesday. The company has a market cap of $47.81 billion, a price-to-earnings ratio of 44.92, a PEG ratio of 1.59 and a beta of 1.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a one year low of $52.06 and a one year high of $119.28. The firm has a fifty day moving average price of $106.73 and a two-hundred day moving average price of $93.85.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

Howmet Aerospace Company Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.