Robeco Institutional Asset Management B.V. Grows Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Robeco Institutional Asset Management B.V. raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 45.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,412 shares of the company's stock after acquiring an additional 90,393 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.07% of Howmet Aerospace worth $37,416,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in HWM. Wealth Enhancement Advisory Services LLC increased its stake in Howmet Aerospace by 233.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock worth $18,277,000 after purchasing an additional 98,642 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Howmet Aerospace by 126.1% in the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after purchasing an additional 13,500 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in Howmet Aerospace by 156.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock worth $1,014,000 after buying an additional 5,664 shares during the period. Proficio Capital Partners LLC purchased a new position in Howmet Aerospace in the 4th quarter worth about $223,000. Finally, Wellington Management Group LLP lifted its holdings in Howmet Aerospace by 236.6% during the 4th quarter. Wellington Management Group LLP now owns 9,816 shares of the company's stock valued at $1,074,000 after buying an additional 6,900 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Benchmark increased their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Truist Financial boosted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, UBS Group upped their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $142.13.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace 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 transaction of $193,962.50. Following the sale, the vice president now owns 23,044 shares in the company, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the 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 transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at $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 831,250 shares of company stock valued at $130,517,863 in the last three months. 1.04% of the stock is owned by insiders.

Howmet Aerospace Stock Up 4.6%

Shares of HWM stock traded up $8.22 during trading hours on Friday, reaching $185.07. 23,826,568 shares of the company's stock were exchanged, compared to its average volume of 2,779,244. Howmet Aerospace Inc. has a fifty-two week low of $76.85 and a fifty-two week high of $185.52. The stock's 50 day moving average is $161.55 and its 200-day moving average is $136.92. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a market cap of $74.71 billion, a price-to-earnings ratio of 60.28, a P/E/G ratio of 2.79 and a beta of 1.44.

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

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's payout ratio is currently 13.03%.

Howmet Aerospace 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.