Swiss National Bank Buys 2,300 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Swiss National Bank lifted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 0.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,150,984 shares of the company’s stock after buying an additional 2,300 shares during the period. Swiss National Bank owned approximately 0.28% of Howmet Aerospace worth $115,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Avantax Advisory Services Inc. bought a new stake in Howmet Aerospace during the first quarter worth $259,000. Blair William & Co. IL lifted its stake in shares of Howmet Aerospace by 51.6% in the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock valued at $1,744,000 after acquiring an additional 8,676 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Howmet Aerospace by 9.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 33,180 shares of the company’s stock valued at $2,271,000 after purchasing an additional 2,802 shares during the period. UniSuper Management Pty Ltd increased its holdings in Howmet Aerospace by 371.7% in the first quarter. UniSuper Management Pty Ltd now owns 18,617 shares of the company’s stock valued at $1,274,000 after purchasing an additional 14,670 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Howmet Aerospace by 2.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 132,493 shares of the company’s stock valued at $9,069,000 after purchasing an additional 3,234 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Insider Transactions at Howmet Aerospace

In related news, CFO Ken Giacobbe sold 154,909 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $96.58, for a total value of $14,961,111.22. Following the transaction, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This trade represents a 49.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 43.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HWM shares. UBS Group increased their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Bank of America increased their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Sanford C. Bernstein increased their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Price Performance

HWM stock opened at $113.17 on Tuesday. The stock has a market capitalization of $45.98 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The company’s 50-day moving average is $102.76 and its 200-day moving average is $91.54. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1 year low of $51.22 and a 1 year high of $116.74.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

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.