Deutsche Bank AG Grows Stake in Howmet Aerospace Inc. (NYSE:HWM)

Key Points

• Deutsche Bank AG increased its stake in Howmet Aerospace by 1.1%, bringing its total holdings to approximately 1,537,783 shares valued at $199.5 million.
• Howmet Aerospace recently reported quarterly earnings of $0.91 per share, exceeding expectations and highlighting a 9.2% year-over-year revenue increase to $2.05 billion.
• The company announced an increase in its quarterly dividend from $0.10 to $0.12, reflecting solid financial performance and a dividend payout ratio of 11.70%.

Deutsche Bank AG boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,537,783 shares of the company's stock after buying an additional 17,140 shares during the period. Deutsche Bank AG owned approximately 0.38% of Howmet Aerospace worth $199,497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in Howmet Aerospace during the fourth quarter valued at approximately $25,000. Kapitalo Investimentos Ltda bought a new position in Howmet Aerospace during the fourth quarter valued at approximately $30,000. Hemington Wealth Management boosted its stake in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after buying an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after buying an additional 141 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after buying an additional 140 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HWM. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Bank of America upped their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Susquehanna upped their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Benchmark upped their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Barclays restated an "overweight" rating and set a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Four investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Trading Down 3.7%

Shares of NYSE HWM traded down $6.75 during midday trading on Wednesday, hitting $174.15. The company's stock had a trading volume of 1,459,869 shares, compared to its average volume of 3,042,690. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The business's 50 day moving average is $179.84 and its two-hundred day moving average is $151.99. Howmet Aerospace Inc. has a 12-month low of $90.71 and a 12-month high of $193.26. The firm has a market cap of $70.21 billion, a P/E ratio of 50.93, a price-to-earnings-growth ratio of 2.30 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the business posted $0.67 earnings per share. The company's revenue for the quarter was up 9.2% on a year-over-year basis. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, August 8th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is 14.04%.

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.