Dilation Capital Management LP Takes $6.05 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Dilation Capital Management LP bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 55,355 shares of the company's stock, valued at approximately $6,054,000. Howmet Aerospace makes up 5.6% of Dilation Capital Management LP's holdings, making the stock its 8th biggest position.

Several other large investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB boosted its holdings in Howmet Aerospace by 45.8% during the third quarter. Wilmington Savings Fund Society FSB now owns 7,397 shares of the company's stock worth $742,000 after buying an additional 2,324 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Howmet Aerospace by 60.0% during the 3rd quarter. Tidal Investments LLC now owns 56,490 shares of the company's stock worth $5,663,000 after acquiring an additional 21,176 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Howmet Aerospace by 58.0% in the 3rd quarter. Franklin Resources Inc. now owns 570,476 shares of the company's stock worth $58,559,000 after acquiring an additional 209,492 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Howmet Aerospace during the third quarter worth $3,388,000. Finally, Retirement Systems of Alabama lifted its holdings in shares of Howmet Aerospace by 332.6% during the third quarter. Retirement Systems of Alabama now owns 370,027 shares of the company's stock valued at $37,095,000 after purchasing an additional 284,487 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Up 1.7 %

NYSE HWM traded up $2.34 during trading on Friday, reaching $135.83. The company's stock had a trading volume of 1,603,263 shares, compared to its average volume of 2,742,231. The stock has a market capitalization of $54.94 billion, a PE ratio of 48.17, a PEG ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 1-year low of $64.71 and a 1-year high of $140.55. The business has a 50-day moving average price of $128.06 and a 200-day moving average price of $119.66. 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 (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The company 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 forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders 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 0.29%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio is 14.18%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HWM shares. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Benchmark boosted their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. The Goldman Sachs Group lifted their price objective 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. Finally, Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $125.06.

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.