Vontobel Holding Ltd. Grows Stake in Howmet Aerospace Inc. (NYSE:HWM)

Vontobel Holding Ltd. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,876 shares of the company’s stock after buying an additional 208 shares during the quarter. Vontobel Holding Ltd.’s holdings in Howmet Aerospace were worth $389,000 at the end of the most recent quarter.

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

Insider Activity at Howmet Aerospace

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

Howmet Aerospace Stock Performance

Shares of HWM opened at $102.65 on Wednesday. The stock has a 50-day moving average of $98.40 and a two-hundred day moving average of $86.01. 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 market cap of $41.90 billion, a P/E ratio of 49.59, a P/E/G ratio of 1.51 and a beta of 1.46. Howmet Aerospace Inc. has a one year low of $42.94 and a one year high of $106.93.

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

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 15.46%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Susquehanna began coverage on shares of Howmet Aerospace in a report on Tuesday, October 8th. They issued a “positive” rating and a $120.00 price target on the stock. Royal Bank of Canada lifted their price objective on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Truist Financial increased their target price on shares of Howmet Aerospace from $105.00 to $123.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, Sanford C. Bernstein upped their price target on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.50.

Howmet Aerospace 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.