BlackRock Amends Howmet Aerospace Stake, Maintains Passive Position
Ticker: HWM · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, howmet-aerospace
TL;DR
**BlackRock still owns a big chunk of Howmet Aerospace, but they're just holding, not trying to run the show.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Howmet Aerospace Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, showing BlackRock continues to hold a significant passive stake in Howmet Aerospace. For investors, this means a major institutional player maintains confidence in Howmet, which can be a positive signal for the stock's stability and long-term outlook.
Why It Matters
This filing confirms BlackRock's continued substantial, but passive, investment in Howmet Aerospace, signaling institutional confidence without intent to influence management.
Risk Assessment
Risk Level: low — The filing indicates a passive investment by a large institutional investor, which generally reduces volatility and provides stability.
Analyst Insight
An investor should note that a major institutional investor like BlackRock maintains a passive stake, suggesting long-term confidence in Howmet Aerospace without any immediate activist intentions. This could be a positive signal for stability but doesn't imply imminent price catalysts.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership
- Howmet Aerospace Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the date the SC 13G/A amendment was filed
Forward-Looking Statements
- BlackRock will maintain a significant passive stake in Howmet Aerospace Inc. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally indicates that a passive institutional investor, like BlackRock Inc., owns more than 5% of a company's stock and is updating their previous disclosure, without intending to influence or control the company's management.
Who is the 'subject company' in this filing?
The 'subject company' in this filing is Howmet Aerospace Inc., identified by its CIK 0000004281 and business address at 201 Isabella Street, Suite 200, Pittsburgh, PA 15212-5872.
Who is the 'filing person' or 'reporting person' in this document?
The 'filing person' or 'reporting person' is BlackRock Inc., identified by its CIK 0001364742 and business address at 50 Hudson Yards, New York, NY 10001.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated on the cover page of the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
From the Filing
EDGAR Filing Documents for 0001086364-24-003324 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003324 Filing Date 2024-01-25 Accepted 2024-01-25 13:48:55 Documents 1 Document Format Files Seq Description Document Type Size 1 us4432011082_012524.txt SC 13G/A 11977 Complete submission text file 0001086364-24-003324.txt 14079 Mailing Address 201 ISABELLA STREET PITTSBURGH PA 15212-5872 Business Address 201 ISABELLA STREET SUITE 200 PITTSBURGH PA 15212-5872 (412) 553-1940 Howmet Aerospace Inc. (Subject) CIK : 0000004281 (see all company filings) EIN. : 250317820 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-14161 | Film No.: 24561110 SIC : 3350 Rolling Drawing & Extruding of Nonferrous Metals (CF Office: 04 Manufacturing) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)