Bessemer Group Inc. lowered its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,004,178 shares of the company's stock after selling 61,316 shares during the period. Howmet Aerospace accounts for 0.7% of Bessemer Group Inc.'s holdings, making the stock its 27th biggest position. Bessemer Group Inc. owned 0.99% of Howmet Aerospace worth $437,937,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock worth $5,153,220,000 after buying an additional 352,256 shares during the period. JPMorgan Chase & Co. raised 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 last quarter. Geode Capital Management LLC lifted its position in Howmet Aerospace by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock valued at $1,070,267,000 after purchasing an additional 308,574 shares during the period. Norges Bank purchased a new stake in Howmet Aerospace in the fourth quarter valued at $1,001,558,000. Finally, Boston Partners grew 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 purchasing an additional 326,719 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Trading Up 1.5 %
NYSE:HWM traded up $1.85 during trading hours on Monday, hitting $127.52. The company had a trading volume of 590,517 shares, compared to its average volume of 2,744,406. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. 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 company has a 50-day moving average of $128.80 and a 200 day moving average of $118.15. The company has a market cap of $51.65 billion, a P/E ratio of 45.22, a P/E/G ratio of 1.92 and a beta of 1.25.
Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during 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%. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.
Howmet Aerospace Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. The Goldman Sachs Group raised 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. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Morgan Stanley lifted 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. Barclays increased their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Three investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.
Read Our Latest Analysis on Howmet Aerospace
About Howmet Aerospace
(
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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