Commerzbank Aktiengesellschaft FI Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 2,001 shares of the company’s stock, valued at approximately $221,000.

Other institutional investors have also added to or reduced their stakes in the company. Synergy Investment Management LLC bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $51,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Howmet Aerospace by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,351,189 shares of the company’s stock valued at $257,150,000 after acquiring an additional 45,940 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Howmet Aerospace by 156.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company’s stock worth $1,014,000 after acquiring an additional 5,664 shares during the last quarter. LGT Fund Management Co Ltd. acquired a new position in Howmet Aerospace in the 4th quarter worth about $320,000. Finally, Plato Investment Management Ltd raised its position in Howmet Aerospace by 24.0% in the fourth quarter. Plato Investment Management Ltd now owns 26,362 shares of the company’s stock valued at $2,894,000 after purchasing an additional 5,096 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $130.38 on Thursday. The stock has a market capitalization of $52.81 billion, a price-to-earnings ratio of 46.23, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock’s 50 day moving average price is $124.44 and its two-hundred day moving average price is $111.87.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.18%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Susquehanna boosted their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

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.