Deutsche Bank AG Reduces Stake in Howmet Aerospace Inc. (NYSE:HWM)

Deutsche Bank AG lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,520,643 shares of the company’s stock after selling 44,897 shares during the quarter. Deutsche Bank AG owned 0.37% of Howmet Aerospace worth $166,313,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HWM. Private Trust Co. NA lifted its stake in shares of Howmet Aerospace by 28.0% in the 4th quarter. Private Trust Co. NA now owns 407 shares of the company’s stock worth $45,000 after purchasing an additional 89 shares during the period. O Neil Global Advisors Inc. raised its position in Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock worth $2,136,000 after acquiring an additional 90 shares during the period. Brooklyn Investment Group boosted its stake in shares of Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after acquiring an additional 97 shares during the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of Howmet Aerospace by 0.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock worth $1,644,000 after acquiring an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. grew its position in shares of Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock valued at $838,000 after acquiring an additional 104 shares during the period. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, VP Barbara Lou Shultz sold 1,250 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HWM. Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Benchmark raised their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Finally, Truist Financial decreased their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $132.53.

Howmet Aerospace Trading Down 0.1 %

Shares of HWM opened at $157.40 on Friday. The stock has a market capitalization of $63.54 billion, a PE ratio of 55.82, a P/E/G ratio of 1.92 and a beta of 1.37. The company’s fifty day moving average is $131.46 and its 200 day moving average is $122.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $159.04.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company earned $0.53 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is 13.03%.

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.