Universal Beteiligungs und Servicegesellschaft mbH Takes $56.16 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 513,488 shares of the company's stock, valued at approximately $56,160,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.13% of Howmet Aerospace as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. increased its stake in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Howmet Aerospace during the 4th quarter valued at about $29,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HWM. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Benchmark lifted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Royal Bank of Canada lifted their target price on Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Truist Financial reduced their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Insider Activity at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the sale, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 over the last three months. 1.04% of the stock is owned by insiders.

Howmet Aerospace Stock Down 0.1%

Shares of NYSE:HWM traded down $0.11 during trading on Friday, hitting $169.98. The company's stock had a trading volume of 4,749,584 shares, compared to its average volume of 2,713,212. 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 $172.95. The stock's 50-day moving average price is $141.52 and its two-hundred day moving average price is $128.53. The company has a market capitalization of $68.62 billion, a PE ratio of 60.28, a PEG ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The company's revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.24%. The ex-dividend date was Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 13.03%.

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.