DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Increases Stake in Howmet Aerospace Inc. (NYSE:HWM)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 94.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,700 shares of the company's stock after purchasing an additional 5,211 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in Howmet Aerospace were worth $1,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EP Wealth Advisors LLC raised its position in shares of Howmet Aerospace by 20.6% during the fourth quarter. EP Wealth Advisors LLC now owns 2,988 shares of the company's stock worth $327,000 after acquiring an additional 511 shares during the last quarter. Colonial Trust Co SC lifted its stake in shares of Howmet Aerospace by 64.5% during the fourth quarter. Colonial Trust Co SC now owns 556 shares of the company's stock valued at $61,000 after acquiring an additional 218 shares during the period. Concentric Capital Strategies LP acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at $6,285,000. Cetera Investment Advisers lifted its stake in shares of Howmet Aerospace by 13.4% during the fourth quarter. Cetera Investment Advisers now owns 72,771 shares of the company's stock valued at $7,959,000 after acquiring an additional 8,573 shares during the period. Finally, Bridgeway Capital Management LLC lifted its stake in shares of Howmet Aerospace by 73.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 25,900 shares of the company's stock valued at $2,833,000 after acquiring an additional 11,000 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the sale, the executive vice president now owns 131,859 shares of the company's stock, valued at $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at $3,575,737.48. This represents a 5.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HWM. Wells Fargo & Company upped their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Morgan Stanley raised their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, UBS Group raised their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $132.53.

Howmet Aerospace Stock Performance

HWM stock traded up $1.60 during midday trading on Friday, reaching $162.89. 1,787,433 shares of the company were exchanged, compared to its average volume of 2,699,756. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The business has a 50-day moving average price of $134.88 and a two-hundred day moving average price of $124.97. Howmet Aerospace Inc. has a one year low of $76.83 and a one year high of $162.91. The firm has a market capitalization of $65.75 billion, a price-to-earnings ratio of 57.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the previous year, the business posted $0.53 earnings per share. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

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

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.