Swiss National Bank Sells 39,300 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Swiss National Bank reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,223,684 shares of the company’s stock after selling 39,300 shares during the quarter. Swiss National Bank’s holdings in Howmet Aerospace were worth $66,226,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. LGT Group Foundation increased its stake in shares of Howmet Aerospace by 15.2% during the 4th quarter. LGT Group Foundation now owns 64,388 shares of the company’s stock worth $3,484,000 after purchasing an additional 8,495 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in Howmet Aerospace by 24.8% during the fourth quarter. First Trust Direct Indexing L.P. now owns 6,381 shares of the company’s stock worth $345,000 after buying an additional 1,269 shares during the last quarter. Mach 1 Financial Group LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at approximately $744,000. Choreo LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at approximately $1,532,000. Finally, PGGM Investments lifted its position in shares of Howmet Aerospace by 1.5% in the fourth quarter. PGGM Investments now owns 149,155 shares of the company’s stock valued at $8,072,000 after buying an additional 2,275 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $78.89 on Monday. The firm has a market cap of $32.22 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 1.91 and a beta of 1.41. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.87. The stock’s fifty day moving average price is $66.70 and its two-hundred day moving average price is $58.16. Howmet Aerospace Inc. has a one year low of $42.17 and a one year high of $79.47.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. Howmet Aerospace’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.42 EPS. As a group, research analysts expect that Howmet Aerospace Inc. will post 2.37 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.25%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace’s dividend payout ratio is currently 9.66%.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, the executive vice president now owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HWM shares. Barclays boosted their target price on Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Truist Financial increased their price objective on shares of Howmet Aerospace from $74.00 to $88.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. UBS Group increased their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Finally, Robert W. Baird boosted their price objective on Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $69.77.

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.