Robeco Institutional Asset Management B.V. Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Robeco Institutional Asset Management B.V. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 45.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 196,248 shares of the company's stock after acquiring an additional 61,543 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Howmet Aerospace were worth $19,674,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Senator Investment Group LP boosted its stake in Howmet Aerospace by 24.8% in the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company's stock worth $12,110,000 after purchasing an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC purchased a new stake in Howmet Aerospace during the 3rd quarter valued at $1,264,000. Wealthspire Advisors LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth $209,000. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Howmet Aerospace by 1,258.3% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company's stock worth $206,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of Howmet Aerospace by 51.6% during the first quarter. Blair William & Co. IL now owns 25,488 shares of the company's stock valued at $1,744,000 after purchasing an additional 8,676 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Down 3.2 %

Shares of HWM stock traded down $3.62 during trading hours on Thursday, reaching $111.24. 1,858,715 shares of the company's stock were exchanged, compared to its average volume of 2,953,704. The stock has a market cap of $45.40 billion, a PE ratio of 49.43, a PEG ratio of 1.45 and a beta of 1.46. The company has a current ratio of 1.53, a quick ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock's fifty day moving average price is $99.75 and its two-hundred day moving average price is $88.76. Howmet Aerospace Inc. has a 1 year low of $47.88 and a 1 year high of $115.38.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.06. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.85 billion. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. Research analysts predict that Howmet Aerospace Inc. will post 2.59 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.29%. Howmet Aerospace's dividend payout ratio is presently 14.16%.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the company's 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 completion of the transaction, the executive vice president now owns 92,687 shares of the company's stock, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Ken Giacobbe sold 154,909 shares of Howmet Aerospace stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares of the company's stock, valued at $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Neil Edward Marchuk sold 70,637 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares of the company's stock, valued at approximately $8,985,077.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Truist Financial increased their price objective on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a "buy" rating in a research note on Thursday. Robert W. Baird upped their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Finally, UBS Group upped their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $109.75.

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.