Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Lifted by Cibc World Markets Corp

Cibc World Markets Corp boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 63,271 shares of the company's stock after acquiring an additional 9,020 shares during the period. Cibc World Markets Corp's holdings in Howmet Aerospace were worth $6,920,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. R Squared Ltd acquired a new stake in Howmet Aerospace during the 4th quarter valued at $26,000. Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the fourth quarter valued at $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter valued at $33,000. Hanson & Doremus Investment Management acquired a new stake in shares of Howmet Aerospace during the fourth quarter valued at $34,000. Finally, Assetmark Inc. boosted its stake in shares of Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company's stock valued at $44,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Down 0.7 %

Shares of NYSE:HWM traded down $0.97 during trading on Friday, hitting $130.70. The company's stock had a trading volume of 3,841,393 shares, compared to its average volume of 2,637,462. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The stock's 50-day moving average price is $128.09 and its two-hundred day moving average price is $114.31. The company has a market capitalization of $52.94 billion, a PE ratio of 46.35, a PEG ratio of 1.92 and a beta of 1.54.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last announced 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio is 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several analyst reports. Morgan Stanley raised their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Barclays raised their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lifted their price target 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $123.28.

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.