Capital Research Global Investors Raises Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Capital Research Global Investors lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,144,837 shares of the company's stock after buying an additional 13,865 shares during the period. Capital Research Global Investors owned approximately 0.77% of Howmet Aerospace worth $343,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace during the fourth quarter worth $25,000. Meeder Asset Management Inc. increased its position in shares of Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in Howmet Aerospace in the fourth quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace during the fourth quarter worth about $29,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Morgan Stanley lifted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group increased their target price 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, Benchmark lifted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $125.06.

Howmet Aerospace Stock Up 1.3 %

Howmet Aerospace stock traded up $1.71 during midday trading on Friday, reaching $135.20. The company's stock had a trading volume of 688,127 shares, compared to its average volume of 2,737,064. The business has a 50-day simple moving average of $128.08 and a 200-day simple moving average of $119.43. The company has a market cap of $54.68 billion, a P/E ratio of 48.00, a P/E/G ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a fifty-two week low of $63.64 and a fifty-two week high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share 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 return on equity of 25.74% and a net margin of 15.55%. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.

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.