AustralianSuper Pty Ltd Purchases 845,941 Shares of Howmet Aerospace Inc. (NYSE:HWM)

AustralianSuper Pty Ltd lifted its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1,000.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 930,533 shares of the company's stock after purchasing an additional 845,941 shares during the quarter. AustralianSuper Pty Ltd owned 0.23% of Howmet Aerospace worth $101,772,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HWM. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock worth $1,775,578,000 after buying an additional 1,336,592 shares during the period. State Street Corp raised its stake in Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after acquiring an additional 384,171 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after acquiring an additional 453,275 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Howmet Aerospace by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock valued at $231,101,000 after purchasing an additional 114,457 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in Howmet Aerospace by 12.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company's stock valued at $138,159,000 after purchasing an additional 150,387 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded up $3.20 during trading hours on Tuesday, reaching $136.62. 3,190,126 shares of the stock were exchanged, compared to its average volume of 2,690,917. The stock has a 50 day moving average of $119.45 and a two-hundred day moving average of $108.55. Howmet Aerospace Inc. has a twelve month low of $62.70 and a twelve month high of $137.41. The company has a market cap of $55.50 billion, a P/E ratio of 52.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results 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 net margin of 14.81% and a return on equity of 24.50%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts expect that Howmet Aerospace Inc. will post 2.66 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio is currently 12.21%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HWM. UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. 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 note on Wednesday, December 11th. Bank of America increased their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Susquehanna increased their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. Finally, KeyCorp lowered Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $121.41.

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.