Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,488,286 shares of the company's stock after acquiring an additional 104,694 shares during the quarter. American Century Companies Inc. owned 0.61% of Howmet Aerospace worth $272,144,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vestor Capital LLC purchased a new position in Howmet Aerospace during the fourth quarter worth approximately $4,293,000. Mizuho Securities USA LLC raised its stake in shares of Howmet Aerospace by 45.5% during the 4th quarter. Mizuho Securities USA LLC now owns 38,504 shares of the company's stock worth $4,211,000 after buying an additional 12,038 shares during the period. Millstone Evans Group LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at approximately $87,000. Lee Danner & Bass Inc. acquired a new stake in Howmet Aerospace in the 4th quarter valued at $60,000. Finally, Settian Capital LP lifted its stake in Howmet Aerospace by 40.0% in the 4th quarter. Settian Capital LP now owns 14,000 shares of the company's stock valued at $1,531,000 after buying an additional 4,000 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

Shares of HWM stock traded down $3.68 during trading hours on Wednesday, hitting $134.04. The stock had a trading volume of 2,731,988 shares, compared to its average volume of 2,640,529. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a market capitalization of $54.29 billion, a PE ratio of 47.53, a PEG ratio of 1.92 and a beta of 1.54. The stock's 50 day moving average is $128.89 and its 200 day moving average is $115.23. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS 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 company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced 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 of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's payout ratio is presently 14.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HWM. Truist Financial reaffirmed a "buy" rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target 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. Morgan Stanley increased their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average target price 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.