Alliancebernstein L.P. lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 919,530 shares of the company's stock after selling 359,901 shares during the period. Alliancebernstein L.P. owned 0.23% of Howmet Aerospace worth $100,569,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Howmet Aerospace during the fourth quarter worth $1,001,558,000. JPMorgan Chase & Co. boosted its stake in shares of Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after purchasing an additional 2,486,649 shares during the last quarter. AustralianSuper Pty Ltd grew its holdings in Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after acquiring an additional 845,941 shares during the period. Raymond James Financial Inc. acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $61,740,000. Finally, Sei Investments Co. increased its position in shares of Howmet Aerospace by 82.4% during the fourth quarter. Sei Investments Co. now owns 1,106,586 shares of the company's stock worth $121,026,000 after acquiring an additional 499,978 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.
Howmet Aerospace Price Performance
NYSE:HWM traded down $0.15 during midday trading on Monday, hitting $112.18. The company had a trading volume of 2,000,538 shares, compared to its average volume of 2,738,319. The stock's fifty day moving average price is $129.39 and its 200-day moving average price is $117.16. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $45.44 billion, a PE ratio of 39.82, a P/E/G ratio of 1.92 and a beta of 1.25.
Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.
Howmet Aerospace Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.10 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's payout ratio is currently 14.18%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the company. 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. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. upped their price objective 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. The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.28.
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Howmet Aerospace Company Profile
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Free Report)
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.
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