Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by DSM Capital Partners LLC

DSM Capital Partners LLC lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,011,961 shares of the company's stock after buying an additional 175,409 shares during the quarter. Howmet Aerospace comprises 1.7% of DSM Capital Partners LLC's portfolio, making the stock its 18th largest position. DSM Capital Partners LLC owned approximately 0.25% of Howmet Aerospace worth $110,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock worth $1,775,578,000 after acquiring an additional 1,336,592 shares in the last quarter. State Street Corp increased its holdings in Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company's stock valued at $1,748,378,000 after buying an additional 384,171 shares during the last quarter. Geode Capital Management LLC increased its holdings in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after buying an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock valued at $231,101,000 after buying an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in shares of Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company's stock worth $138,159,000 after purchasing an additional 150,387 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

HWM stock traded down $8.61 during trading on Friday, reaching $129.83. The company had a trading volume of 3,517,780 shares, compared to its average volume of 2,751,625. The firm has a 50-day simple moving average of $121.18 and a 200-day simple moving average of $109.59. The company has a market cap of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.50. 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 twelve month low of $62.80 and a twelve month high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.26 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace's payout ratio is presently 14.18%.

Wall Street Analyst Weigh In

HWM has been the subject of a number of analyst reports. Bank of America increased their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, UBS Group raised their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.