Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Howmet Aerospace Inc. (NYSE:HWM)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 278,538 shares of the company’s stock after purchasing an additional 9,086 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Howmet Aerospace were worth $15,074,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in shares of Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after buying an additional 212 shares during the period. Financial Freedom LLC acquired a new stake in Howmet Aerospace during the 4th quarter valued at approximately $29,000. Headinvest LLC acquired a new stake in Howmet Aerospace during the 3rd quarter valued at approximately $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in Howmet Aerospace during the 3rd quarter valued at approximately $31,000. Finally, Clear Street Markets LLC grew its stake in Howmet Aerospace by 93.8% during the 1st quarter. Clear Street Markets LLC now owns 721 shares of the company’s stock valued at $31,000 after purchasing an additional 349 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.23% of the stock is owned by corporate insiders.

Howmet Aerospace Trading Up 0.1 %

HWM stock opened at $63.50 on Friday. Howmet Aerospace Inc. has a 1-year low of $42.17 and a 1-year high of $69.55. The firm has a market cap of $25.93 billion, a P/E ratio of 34.70, a P/E/G ratio of 1.67 and a beta of 1.43. The business’s 50 day moving average is $65.61 and its 200-day moving average is $56.29. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 14.4% compared to the same quarter last year. Equities analysts anticipate that Howmet Aerospace Inc. will post 2.18 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HWM. UBS Group raised their price objective on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $55.00 to $60.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 14th. Royal Bank of Canada began coverage on Howmet Aerospace in a research report on Monday, March 18th. They issued an “outperform” rating and a $75.00 target price for the company. The Goldman Sachs Group lifted their target price on Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Barclays lifted their target price on Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.00.

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.