Aviva PLC boosted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 217.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,217 shares of the company's stock after acquiring an additional 160,528 shares during the period. Aviva PLC owned 0.06% of Howmet Aerospace worth $25,616,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after purchasing an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares during the period. Geode Capital Management LLC grew its position in Howmet Aerospace by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock valued at $1,070,267,000 after buying an additional 308,574 shares during the last quarter. Norges Bank acquired a new position in Howmet Aerospace in the 4th quarter valued at $1,001,558,000. Finally, Boston Partners raised its position in Howmet Aerospace by 6.4% during the 4th quarter. Boston Partners now owns 5,460,744 shares of the company's stock worth $597,460,000 after buying an additional 326,719 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have recently weighed in on HWM. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday. Wells Fargo & Company cut their target price on Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday. Truist Financial restated 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. Finally, Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $123.28.
Read Our Latest Report on HWM
Howmet Aerospace Price Performance
Shares of NYSE HWM traded up $0.58 on Friday, hitting $124.77. The company's stock had a trading volume of 626,091 shares, compared to its average volume of 2,746,647. 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 stock has a 50 day moving average of $128.80 and a 200-day moving average of $117.84. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The company has a market capitalization of $50.53 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.
Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.
Howmet Aerospace Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio is presently 14.18%.
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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