35,078 Shares in Howmet Aerospace Inc. (NYSE:HWM) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 35,078 shares of the company's stock, valued at approximately $3,836,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its stake in shares of 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 buying an additional 89 shares in the last quarter. O Neil Global Advisors Inc. grew its position in 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 acquiring an additional 90 shares in the last quarter. Brooklyn Investment Group increased its stake in Howmet Aerospace by 6.1% during 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 during the period. Frank Rimerman Advisors LLC lifted its position in shares of 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 purchasing an additional 100 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its stake in shares of Howmet Aerospace by 1.4% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock valued at $838,000 after purchasing an additional 104 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

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Howmet Aerospace Stock Performance

HWM traded down $0.97 on Friday, reaching $130.70. The company had a trading volume of 3,841,393 shares, compared to its average volume of 2,635,864. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The stock has a market capitalization of $52.94 billion, a PE ratio of 46.35, a P/E/G ratio of 1.92 and a beta of 1.54. The stock has a 50-day moving average price of $128.09 and a 200-day moving average price of $114.46.

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

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend 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 was Friday, February 7th. Howmet Aerospace's payout ratio is presently 14.18%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HWM shares. Barclays upped their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group increased their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Morgan Stanley boosted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. increased their price target 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, Wells Fargo & Company boosted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.

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.