Boston Partners Acquires 326,719 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Boston Partners grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,460,744 shares of the company's stock after buying an additional 326,719 shares during the quarter. Boston Partners owned 1.34% of Howmet Aerospace worth $597,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Generali Asset Management SPA SGR bought a new position in shares of Howmet Aerospace during the 4th quarter valued at $3,836,000. Advisors Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 3.7% during the 4th quarter. Advisors Asset Management Inc. now owns 89,473 shares of the company's stock valued at $9,786,000 after buying an additional 3,153 shares during the period. Mystic Asset Management Inc. bought a new position in shares of Howmet Aerospace during the 4th quarter valued at $219,000. Axxcess Wealth Management LLC lifted its holdings in shares of Howmet Aerospace by 2.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 7,124 shares of the company's stock valued at $779,000 after buying an additional 149 shares during the period. Finally, Counterpoint Mutual Funds LLC increased its stake in shares of Howmet Aerospace by 17.7% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 2,991 shares of the company's stock worth $327,000 after purchasing an additional 449 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

Shares of HWM traded down $0.97 during midday trading on Friday, hitting $130.70. 3,841,393 shares of the company traded hands, compared to its average volume of 2,637,462. The firm has a 50 day moving average of $128.09 and a 200-day moving average of $114.31. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The stock has a market cap of $52.94 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio is 14.18%.

Analyst Ratings Changes

HWM has been the subject of several analyst reports. Truist Financial restated a "buy" rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company upped 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. The Goldman Sachs Group upped their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley upped their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $123.28.

Howmet Aerospace Company 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.