B. Metzler seel. Sohn & Co. Holding AG Makes New $22.67 Million Investment in Howmet Aerospace Inc. (NYSE:HWM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 226,140 shares of the company's stock, valued at approximately $22,671,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.06% of Howmet Aerospace as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Lone Pine Capital LLC bought a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $284,539,000. Price T Rowe Associates Inc. MD increased its stake in Howmet Aerospace by 28.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company's stock worth $966,959,000 after acquiring an additional 3,158,186 shares during the period. Capital Research Global Investors bought a new position in Howmet Aerospace during the 1st quarter worth $148,996,000. D. E. Shaw & Co. Inc. increased its stake in Howmet Aerospace by 1,168.7% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company's stock worth $90,175,000 after acquiring an additional 1,070,049 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Howmet Aerospace by 341.7% during the 2nd quarter. Renaissance Technologies LLC now owns 709,400 shares of the company's stock worth $55,071,000 after acquiring an additional 548,800 shares during the period. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

HWM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Howmet Aerospace from $106.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Barclays raised their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. BTIG Research raised their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. Susquehanna raised their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research note on Thursday, November 7th. Finally, Robert W. Baird raised their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $115.41.

Insider Activity at Howmet Aerospace

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

Howmet Aerospace Price Performance

Shares of NYSE HWM traded up $2.82 during mid-day trading on Tuesday, hitting $115.99. 2,389,246 shares of the stock traded hands, compared to its average volume of 2,928,223. 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 twelve month low of $51.22 and a twelve month high of $116.74. The company has a market cap of $47.12 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The firm has a 50 day simple moving average of $102.76 and a two-hundred day simple moving average of $91.54.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Friday, November 8th. Howmet Aerospace's dividend payout ratio (DPR) is 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.