Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd raised its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 17.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 88,475 shares of the company's stock after purchasing an additional 13,455 shares during the period. Cumberland Partners Ltd's holdings in Howmet Aerospace were worth $9,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock worth $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. AustralianSuper Pty Ltd increased its position in shares of Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after purchasing an additional 845,941 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Howmet Aerospace by 695.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock worth $55,941,000 after purchasing an additional 487,880 shares during the last quarter. Geode Capital Management LLC grew its position in Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after acquiring an additional 453,275 shares in the last quarter. Finally, State Street Corp grew its position in Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company's stock valued at $1,748,378,000 after acquiring an additional 384,171 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird lifted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. UBS Group lifted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Susquehanna lifted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Bank of America boosted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.28.

Howmet Aerospace Stock Performance

NYSE HWM traded down $8.61 on Friday, reaching $129.83. The stock had a trading volume of 3,517,780 shares, compared to its average volume of 2,517,588. 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 12-month low of $62.80 and a 12-month high of $140.55. The business's 50-day moving average price is $121.18 and its 200 day moving average price is $109.59. The stock has a market cap of $52.58 billion, a P/E ratio of 46.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share 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 during the quarter, compared to analysts' expectations of $1.88 billion. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's payout ratio is currently 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.