Swiss National Bank Cuts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Swiss National Bank trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,223,684 shares of the company's stock after selling 39,300 shares during the quarter. Swiss National Bank owned approximately 0.30% of Howmet Aerospace worth $66,226,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Valeo Financial Advisors LLC lifted its stake in Howmet Aerospace by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 4,571 shares of the company's stock valued at $247,000 after purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Howmet Aerospace by 10.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,259 shares of the company's stock valued at $122,000 after buying an additional 205 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock worth $26,000 after acquiring an additional 212 shares during the period. Lindbrook Capital LLC increased its holdings in shares of Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company's stock worth $48,000 after acquiring an additional 229 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Howmet Aerospace by 0.5% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,869 shares of the company's stock worth $2,645,000 after acquiring an additional 247 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HWM. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $55.00 to $60.00 and gave the company an "overweight" rating in a report on Wednesday, February 14th. UBS Group increased their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a "neutral" rating in a report on Thursday, February 15th. Truist Financial boosted their price objective on Howmet Aerospace from $74.00 to $88.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company upped their target price on Howmet Aerospace from $72.00 to $88.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Benchmark reissued a "buy" rating and set a $53.00 price target on shares of Howmet Aerospace in a report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $73.67.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded up $1.29 during trading hours on Monday, reaching $80.18. 3,024,960 shares of the stock were exchanged, compared to its average volume of 3,469,200. The company has a current ratio of 1.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86. Howmet Aerospace Inc. has a twelve month low of $42.17 and a twelve month high of $80.20. The company has a market cap of $32.73 billion, a P/E ratio of 38.73, a price-to-earnings-growth ratio of 1.89 and a beta of 1.41. The stock has a 50 day moving average of $66.98 and a two-hundred day moving average of $58.41.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business posted $0.42 EPS. The firm's revenue for the quarter was up 13.8% on a year-over-year basis. Equities analysts expect that Howmet Aerospace Inc. will post 2.37 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be paid a $0.05 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Howmet Aerospace's payout ratio is 9.66%.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the firm's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares of the company's stock, valued at $15,482,065.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.12% of the stock is owned by insiders.

Howmet Aerospace Company 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.