Howmet Aerospace Inc. (NYSE:HWM) Holdings Raised by Czech National Bank

Czech National Bank increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,027 shares of the company's stock after buying an additional 4,941 shares during the period. Czech National Bank's holdings in Howmet Aerospace were worth $12,068,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in HWM. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace during the 4th quarter worth about $25,000. Meeder Asset Management Inc. lifted its position in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Howmet Aerospace in the fourth quarter valued at $25,000. R Squared Ltd acquired a new position in Howmet Aerospace during the fourth quarter worth approximately $26,000. Finally, Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace in the 4th quarter valued at about $29,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on HWM. Truist Financial dropped their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. UBS Group upped their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $132.53.

Insiders Place Their Bets

In related news, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction on 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 sale, the executive vice president now owns 131,859 shares of the company's stock, valued at $20,903,607.27. The trade was a 18.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company's stock.

Howmet Aerospace Trading Up 0.0%

Shares of HWM stock traded up $0.07 during trading on Tuesday, hitting $172.72. 2,764,335 shares of the stock traded hands, compared to its average volume of 2,713,820. The firm's fifty day moving average price is $142.94 and its 200-day moving average price is $129.54. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $175.75. 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 firm has a market capitalization of $69.72 billion, a P/E ratio of 61.25, 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 earnings per share (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 during the quarter, compared to analysts' expectations of $1.94 billion. During the same period in the prior year, the firm posted $0.53 EPS. The business's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 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.