DekaBank Deutsche Girozentrale Sells 106,303 Shares of Howmet Aerospace Inc. (NYSE:HWM)

DekaBank Deutsche Girozentrale cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 56.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,414 shares of the company's stock after selling 106,303 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Howmet Aerospace were worth $10,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Howmet Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after acquiring an additional 352,256 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Howmet Aerospace by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock valued at $1,445,210,000 after acquiring an additional 80,972 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Howmet Aerospace by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after acquiring an additional 1,026,130 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Howmet Aerospace by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock valued at $1,070,267,000 after acquiring an additional 308,574 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HWM shares. Benchmark raised their price target 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 restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Truist Financial raised their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. UBS Group boosted their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded up $1.18 during mid-day trading on Friday, reaching $179.71. 1,748,275 shares of the stock traded hands, compared to its average volume of 2,809,579. The stock has a market capitalization of $72.54 billion, a PE ratio of 58.54, a price-to-earnings-growth ratio of 2.63 and a beta of 1.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.30 and a quick ratio of 1.07. Howmet Aerospace Inc. has a 12-month low of $77.22 and a 12-month high of $187.51. The business's 50-day moving average is $170.38 and its 200-day moving average is $141.47.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. Howmet Aerospace's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 earnings per share. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Insider Activity at Howmet Aerospace

In related news, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the sale, the chief executive officer owned 236,544 shares in the company, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the sale, the executive vice president owned 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This trade represents a 18.53% 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 worth $130,517,863. 1.04% of the stock is owned by insiders.

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.