Capital World Investors Buys 570,567 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Capital World Investors increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,855,273 shares of the company's stock after purchasing an additional 570,567 shares during the quarter. Capital World Investors owned approximately 1.20% of Howmet Aerospace worth $531,021,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after acquiring an additional 89 shares during the last quarter. O Neil Global Advisors Inc. lifted its stake in shares of Howmet Aerospace by 0.5% in the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock valued at $2,136,000 after purchasing an additional 90 shares during the last quarter. Brooklyn Investment Group boosted its holdings in Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock worth $183,000 after purchasing an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC increased its position in Howmet Aerospace by 0.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock worth $1,644,000 after buying an additional 100 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its holdings in Howmet Aerospace by 1.4% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock valued at $838,000 after buying an additional 104 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. 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. Wells Fargo & Company reiterated an "equal weight" rating and set a $118.00 price target (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. Benchmark boosted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday. Morgan Stanley upped their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. lifted their target price 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. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $125.06.

Howmet Aerospace Price Performance

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

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

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid 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 currently 14.18%.

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.