Envestnet Portfolio Solutions Inc. Buys 3,444 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Envestnet Portfolio Solutions Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 15.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 25,822 shares of the company’s stock after purchasing an additional 3,444 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Howmet Aerospace were worth $2,824,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HWM. JPMorgan Chase & Co. grew its holdings in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. State Street Corp boosted its holdings in shares of Howmet Aerospace by 2.3% during the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after buying an additional 384,171 shares during the period. Geode Capital Management LLC grew its stake in Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after buying an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Howmet Aerospace by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,351,189 shares of the company’s stock worth $257,150,000 after acquiring an additional 45,940 shares during the period. Finally, Los Angeles Capital Management LLC lifted its position in Howmet Aerospace by 20.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock worth $182,202,000 after acquiring an additional 287,783 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Up 3.0 %

Shares of NYSE:HWM opened at $132.08 on Thursday. The company has a market capitalization of $53.50 billion, a PE ratio of 46.84, a P/E/G ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company’s fifty day moving average is $127.40 and its 200-day moving average is $113.96.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research analyst reports. Morgan Stanley raised their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.28.

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.