Howmet Aerospace Inc. (NYSE:HWM) Stock Position Increased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 130.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,133 shares of the company’s stock after buying an additional 104,719 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Howmet Aerospace were worth $14,664,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HWM. Vanguard Group Inc. boosted its position in shares of Howmet Aerospace by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock valued at $2,448,804,000 after purchasing an additional 1,274,974 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Howmet Aerospace by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock valued at $1,223,358,000 after purchasing an additional 2,813,911 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Howmet Aerospace by 28.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after buying an additional 3,158,186 shares in the last quarter. Norges Bank acquired a new position in Howmet Aerospace in the fourth quarter worth approximately $508,006,000. Finally, Bank of New York Mellon Corp grew its position in Howmet Aerospace by 15.1% in the first quarter. Bank of New York Mellon Corp now owns 6,184,692 shares of the company’s stock worth $423,218,000 after buying an additional 810,681 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

HWM opened at $95.28 on Monday. The stock has a fifty day moving average price of $89.72 and a 200 day moving average price of $79.54. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $98.15. The stock has a market cap of $38.89 billion, a price-to-earnings ratio of 46.03, a PEG ratio of 1.41 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company earned $0.44 EPS. The firm’s revenue was up 14.1% on a year-over-year basis. Analysts forecast that Howmet Aerospace Inc. will post 2.59 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Friday, August 9th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. Howmet Aerospace’s payout ratio is presently 15.46%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HWM shares. Northcoast Research reissued a “sell” rating and set a $70.00 price objective on shares of Howmet Aerospace in a research note on Friday, June 14th. Royal Bank of Canada lifted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. KeyCorp upped their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Benchmark lifted their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, BTIG Research upped their price target on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.67.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Neil Edward Marchuk sold 70,637 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the sale, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The disclosure for this sale can be found here. 1.12% of the stock is currently owned by corporate insiders.

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.