MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $21.11 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 390,114 shares of the company’s stock after buying an additional 4,305 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned about 0.09% of Howmet Aerospace worth $21,113,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in Howmet Aerospace by 33.1% during the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after buying an additional 271 shares during the period. Procyon Advisors LLC raised its stake in Howmet Aerospace by 45.6% during the 4th quarter. Procyon Advisors LLC now owns 34,224 shares of the company’s stock worth $1,852,000 after buying an additional 10,718 shares during the period. PFG Investments LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth approximately $211,000. Pacer Advisors Inc. raised its stake in shares of Howmet Aerospace by 43.0% in the fourth quarter. Pacer Advisors Inc. now owns 44,555 shares of the company’s stock worth $2,411,000 after purchasing an additional 13,396 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Howmet Aerospace by 3.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 32,642 shares of the company’s stock worth $1,767,000 after purchasing an additional 1,075 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

NYSE HWM traded up $0.35 on Friday, hitting $68.43. 2,893,120 shares of the stock traded hands, compared to its average volume of 3,706,215. The business’s fifty day moving average is $63.32 and its two-hundred day moving average is $54.49. Howmet Aerospace Inc. has a 12 month low of $41.30 and a 12 month high of $69.55. The firm has a market capitalization of $28.08 billion, a price-to-earnings ratio of 37.39, a PEG ratio of 1.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86.

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

Howmet Aerospace Announces Dividend

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

Insider Transactions at Howmet Aerospace

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

Analyst Ratings Changes

Several analysts have recently commented on HWM shares. Robert W. Baird increased their price objective on Howmet Aerospace from $61.00 to $65.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 14th. Royal Bank of Canada assumed coverage on Howmet Aerospace in a report on Monday, March 18th. They issued an “outperform” rating and a $75.00 target price for the company. KeyCorp upped their target price on Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Sanford C. Bernstein assumed coverage on Howmet Aerospace in a report on Friday, January 5th. They issued an “outperform” rating and a $67.00 target price for the company. Finally, UBS Group upped their target price on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $64.33.

Howmet Aerospace 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.