DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Acquires 5,211 Shares of Howmet Aerospace Inc. (NYSE:HWM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 94.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,700 shares of the company’s stock after acquiring an additional 5,211 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Howmet Aerospace were worth $1,170,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HWM. Vanguard Group Inc. lifted its holdings in Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock worth $5,153,220,000 after purchasing an additional 352,256 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Howmet Aerospace by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock worth $1,445,210,000 after buying an additional 80,972 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock valued at $1,070,267,000 after acquiring an additional 308,574 shares during the period. Finally, Norges Bank bought a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $1,001,558,000. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president now owns 23,044 shares of the company’s stock, valued at $3,575,737.48. This represents a 5.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.04% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on HWM shares. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. UBS Group increased their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Truist Financial dropped their price target on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $132.53.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $157.40 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $162.67. The company has a fifty day moving average of $131.46 and a 200-day moving average of $123.09. The stock has a market capitalization of $63.54 billion, a price-to-earnings ratio of 55.82, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace’s dividend payout ratio is presently 13.03%.

About Howmet Aerospace

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.