Howmet Aerospace Inc. (NYSE:HWM) Stake Reduced by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,983 shares of the company’s stock after selling 1,595 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Howmet Aerospace were worth $2,573,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC raised its holdings in Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after buying an additional 212 shares during the period. Huntington National Bank raised its holdings in Howmet Aerospace by 24.5% during the 3rd quarter. Huntington National Bank now owns 1,315 shares of the company’s stock worth $61,000 after buying an additional 259 shares during the period. Blue Trust Inc. raised its holdings in Howmet Aerospace by 33.1% during the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after buying an additional 271 shares during the period. Valeo Financial Advisors LLC raised its holdings in Howmet Aerospace by 6.7% during the 3rd quarter. Valeo Financial Advisors LLC now owns 4,371 shares of the company’s stock worth $202,000 after buying an additional 274 shares during the period. Finally, Advisory Services Network LLC raised its holdings in Howmet Aerospace by 29.3% during the 1st quarter. Advisory Services Network LLC now owns 1,309 shares of the company’s stock worth $55,000 after buying an additional 297 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the sale, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.23% of the company’s stock.

Analyst Ratings Changes

HWM has been the topic of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Truist Financial raised Howmet Aerospace from a “hold” rating to a “buy” rating and lifted their target price for the company from $47.00 to $74.00 in a research note on Wednesday, January 10th. Barclays lifted their target price on Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. UBS Group lifted their target price on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Sanford C. Bernstein assumed coverage on Howmet Aerospace in a research note on Friday, January 5th. They issued an “outperform” rating and a $67.00 price target for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.08.

Howmet Aerospace Stock Down 2.4 %

HWM opened at $64.00 on Friday. The business has a 50 day moving average price of $65.21 and a 200 day moving average price of $55.88. Howmet Aerospace Inc. has a twelve month low of $42.12 and a twelve month high of $69.55. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The firm has a market cap of $26.14 billion, a P/E ratio of 34.97, a price-to-earnings-growth ratio of 1.71 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company earned $0.38 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts forecast that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were issued a $0.05 dividend. The ex-dividend date was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 10.93%.

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.