Czech National Bank Raises Stake in Howmet Aerospace Inc. (NYSE:HWM)

Czech National Bank lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,143 shares of the company’s stock after acquiring an additional 9,248 shares during the period. Czech National Bank’s holdings in Howmet Aerospace were worth $8,335,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Lone Pine Capital LLC acquired a new position in Howmet Aerospace in the 2nd quarter valued at about $284,539,000. Price T Rowe Associates Inc. MD raised its position in shares of Howmet Aerospace by 28.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock valued at $966,959,000 after buying an additional 3,158,186 shares during the period. JPMorgan Chase & Co. lifted its holdings in Howmet Aerospace by 18.7% in the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock valued at $1,223,358,000 after acquiring an additional 2,813,911 shares during the last quarter. TD Asset Management Inc grew its position in Howmet Aerospace by 986.0% in the first quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock worth $184,586,000 after acquiring an additional 2,449,057 shares during the period. Finally, Capital Research Global Investors acquired a new stake in Howmet Aerospace during the first quarter worth $148,996,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Ken Giacobbe sold 154,909 shares of the business’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 transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares in the company, valued at approximately $14,982,938.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Howmet Aerospace Stock Performance

Shares of HWM opened at $102.03 on Friday. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $103.00. The stock has a market capitalization of $41.65 billion, a PE ratio of 49.29, a PEG ratio of 1.47 and a beta of 1.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. The stock has a 50-day simple moving average of $95.29 and a 200-day simple moving average of $82.78.

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

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio is presently 15.46%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HWM. Barclays increased their price target on Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Northcoast Research reissued a “sell” rating and issued a $70.00 price target on shares of Howmet Aerospace in a research note on Friday, June 14th. KeyCorp increased their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Robert W. Baird lifted their price objective on Howmet Aerospace from $84.00 to $113.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.07.

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.