Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Globeflex Capital L P

Globeflex Capital L P increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 220.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,867 shares of the company's stock after buying an additional 3,347 shares during the period. Globeflex Capital L P's holdings in Howmet Aerospace were worth $532,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. RiverPark Advisors LLC purchased a new stake in shares of Howmet Aerospace during the third quarter worth $26,000. R Squared Ltd acquired a new position in Howmet Aerospace during the 4th quarter worth $26,000. Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace during the 4th quarter worth about $29,000. Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at about $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HWM has been the topic of a number of recent research reports. Morgan Stanley upped their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Truist Financial reissued a "buy" rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock 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 given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $123.28.

Remove Ads

Howmet Aerospace Stock Performance

Shares of HWM traded up $3.83 during mid-day trading on Wednesday, reaching $132.08. 2,427,180 shares of the company's stock were exchanged, compared to its average volume of 2,655,151. The business's fifty day simple moving average is $127.06 and its 200-day simple moving average is $113.83. The stock has a market capitalization of $53.50 billion, a PE ratio of 46.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

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 (EPS) for the quarter, topping 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 company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.30%. Howmet Aerospace's dividend 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.