Vanguard Amends Howmet Aerospace Stake, Maintains Passive Position
Ticker: HWM · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, howmet-aerospace
TL;DR
**Vanguard still owns a big chunk of Howmet Aerospace, good sign for stability.**
AI Summary
The Vanguard Group, a major investment firm, filed an amended Schedule 13G/A on February 13, 2024, disclosing its ownership in Howmet Aerospace Inc. As of December 29, 2023, Vanguard holds a significant stake in the company's Common Stock. This filing indicates Vanguard's continued passive investment in Howmet Aerospace, reinforcing its position as a substantial institutional shareholder. For investors, this means a large, stable institution maintains confidence in Howmet, which can be a positive signal for the stock's long-term stability.
Why It Matters
This filing shows that a major institutional investor, The Vanguard Group, continues to hold a significant, passive stake in Howmet Aerospace Inc., signaling ongoing confidence in the company.
Risk Assessment
Risk Level: low — The filing indicates a passive investment by a large institutional investor, which generally reduces volatility and risk for the stock.
Analyst Insight
Investors should note that a major institutional investor like Vanguard maintains a passive stake in Howmet Aerospace, suggesting long-term confidence without indicating any immediate strategic changes or activist intentions.
Key Players & Entities
- The Vanguard Group (company) — reporting person and institutional investor
- Howmet Aerospace Inc. (company) — subject company whose securities are being reported
- December 29, 2023 (date) — date of event requiring the filing
- February 13, 2024 (date) — date the SC 13G/A was filed
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 The Vanguard Group, has updated its ownership stake in a company, in this case, Howmet Aerospace Inc.
Who is the reporting person in this filing?
The reporting person is The Vanguard Group, identified by IRS Identification No. 23-1945930, based in Valley Forge, PA.
What is the subject company and the class of securities reported?
The subject company is Howmet Aerospace Inc. (CIK: 0000004281), and the class of securities reported is its Common Stock, with CUSIP Number 443201108.
When was the event that triggered this filing?
The date of the event which required the filing of this statement was December 29, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, which typically applies to institutional investors holding more than 5% but less than 20% of a company's stock with a passive investment intent.
Filing Stats: 810 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2024-02-13 17:06:17
Filing Documents
- tv01140-howmetaerospaceinc.htm (SC 13G/A) — 11KB
- 0001104659-24-021142.txt ( ) — 13KB
(a) - Name of Issuer
Item 1(a) - Name of Issuer: Howmet Aerospace Inc
(b) - Address of Issuer's Principal Executive Offices
Item 1(b) - Address of Issuer's Principal Executive Offices: 201 Isabella Street, Suite 200 Pittsburgh, PA 15212-5872
(a) - Name of Person Filing
Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930
(b) – Address of Principal Business Office or, if none, residence
Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355
(c) – Citizenship
Item 2(c) – Citizenship: Pennsylvania
(d) - Title of Class of Securities
Item 2(d) - Title of Class of Securities: Common Stock
(e) - CUSIP Number
Item 2(e) - CUSIP Number 443201108
- Type of Filing
Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).
- Ownership
Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.
- Ownership of Five Percent or Less of a Class
Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following
- Ownership of More Than Five Percent on Behalf of Another Person
Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable
- Identification and Classification of Members of Group
Item 8 - Identification and Classification of Members of Group: Not applicable
- Notice of Dissolution of Group
Item 9 - Notice of Dissolution of Group: Not applicable
- Certification
Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration