MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 1.1% during the 4th quarter, Holdings Channel reports. The firm owned 390,114 shares of the company’s stock after purchasing an additional 4,305 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Howmet Aerospace were worth $21,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Accurate Wealth Management LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $2,825,000. QRG Capital Management Inc. purchased a new stake in shares of Howmet Aerospace in the third quarter valued at about $407,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Howmet Aerospace during the third quarter valued at approximately $1,697,000. Victory Capital Management Inc. lifted its stake in shares of Howmet Aerospace by 15.0% during the third quarter. Victory Capital Management Inc. now owns 347,072 shares of the company’s stock valued at $16,052,000 after buying an additional 45,246 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Howmet Aerospace by 32.8% during the third quarter. Lazard Asset Management LLC now owns 27,898 shares of the company’s stock valued at $1,290,000 after buying an additional 6,883 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank of Canada assumed coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They set an “outperform” rating and a $75.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Sanford C. Bernstein assumed coverage on shares of Howmet Aerospace in a research note on Friday, January 5th. They set an “outperform” rating and a $67.00 price objective on the stock. UBS Group upped their price objective on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Truist Financial raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $74.00 in a research note on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.33.

Howmet Aerospace Trading Up 0.5 %

HWM stock traded up $0.35 on Friday, hitting $68.43. 2,893,120 shares of the company were exchanged, compared to its average volume of 3,706,215. Howmet Aerospace Inc. has a twelve month low of $41.30 and a twelve month high of $69.55. The business’s fifty day moving average is $63.32 and its two-hundred day moving average is $54.49. The stock has a market capitalization of $28.08 billion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, research analysts forecast that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 9th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Thursday, February 8th. Howmet Aerospace’s payout ratio is currently 10.93%.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the sale, the executive vice president now owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.23% of the company’s stock.

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.