Vanguard Group Inc. Increases Stake in Howmet Aerospace Inc. (NYSE:HWM)

Vanguard Group Inc. grew its stake in Howmet Aerospace Inc. (NYSE:HWM) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 47,117,309 shares of the company’s stock after buying an additional 352,256 shares during the quarter. Vanguard Group Inc. owned 0.12% of Howmet Aerospace worth $5,153,220,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in HWM. JPMorgan Chase & Co. boosted its stake in shares of Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after buying an additional 1,336,592 shares during the period. AustralianSuper Pty Ltd boosted its stake in shares of Howmet Aerospace by 1,000.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock valued at $101,772,000 after buying an additional 845,941 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at about $61,740,000. Sei Investments Co. boosted its stake in shares of Howmet Aerospace by 82.4% in the 4th quarter. Sei Investments Co. now owns 1,106,586 shares of the company’s stock valued at $121,026,000 after buying an additional 499,978 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after purchasing an additional 453,275 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial restated a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Wells Fargo & Company boosted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Morgan Stanley boosted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Trading Down 0.7 %

NYSE:HWM opened at $130.70 on Monday. The firm has a market cap of $52.94 billion, a P/E ratio of 46.35, a PEG 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 stock’s 50 day simple moving average is $128.09 and its 200-day simple moving average is $114.61. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55.

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

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

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.