Boston Partners Buys 326,719 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Boston Partners lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,460,744 shares of the company’s stock after purchasing an additional 326,719 shares during the quarter. Boston Partners owned about 1.34% of Howmet Aerospace worth $597,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. R Squared Ltd bought a new position in Howmet Aerospace in the 4th quarter valued at about $26,000. Washington Trust Advisors Inc. bought a new position in Howmet Aerospace in the 4th quarter valued at about $29,000. Global Trust Asset Management LLC bought a new position in Howmet Aerospace in the 4th quarter valued at about $33,000. Hanson & Doremus Investment Management bought a new position in Howmet Aerospace in the 4th quarter valued at about $34,000. Finally, Assetmark Inc. lifted its position in Howmet Aerospace by 40.0% in the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 2.2 %

Howmet Aerospace stock opened at $129.28 on Tuesday. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The firm has a market capitalization of $52.36 billion, a price-to-earnings ratio of 45.84, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a 50 day simple moving average of $126.72 and a 200 day simple moving average of $113.60.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Analyst Upgrades and Downgrades

HWM has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Truist Financial reissued a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Barclays lifted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $123.28.

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.