Raiffeisen Bank International AG Acquires New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Raiffeisen Bank International AG bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 8,303 shares of the company's stock, valued at approximately $916,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth about $25,000. Meeder Asset Management Inc. increased its stake in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace in the fourth quarter valued at $25,000. R Squared Ltd acquired a new position in Howmet Aerospace in the fourth quarter valued at $26,000. Finally, Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Transactions at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now owns 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president now owns 131,859 shares in the company, 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. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last ninety days. Corporate insiders own 1.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Benchmark boosted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. Truist Financial decreased their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $132.53.

Howmet Aerospace Stock Performance

NYSE:HWM traded down $1.30 during mid-day trading on Tuesday, hitting $164.94. The stock had a trading volume of 1,836,054 shares, compared to its average volume of 2,700,478. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $166.62. The stock has a market capitalization of $66.58 billion, a price-to-earnings ratio of 58.49, a P/E/G ratio of 1.92 and a beta of 1.37. The company has a 50 day simple moving average of $135.65 and a 200-day simple moving average of $125.61. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Howmet Aerospace's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is currently 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.