Groupama Asset Managment Buys 9,823 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Groupama Asset Managment raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 104.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,254 shares of the company's stock after purchasing an additional 9,823 shares during the period. Groupama Asset Managment's holdings in Howmet Aerospace were worth $2,123,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HWM. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace in the 4th quarter valued at about $25,000. Meeder Asset Management Inc. increased its holdings in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $26,000. Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace in the 4th quarter worth $29,000. Finally, Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded down $0.08 during trading on Monday, hitting $112.26. The stock had a trading volume of 2,232,479 shares, compared to its average volume of 2,739,010. The firm has a market cap of $45.47 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 1.92 and a beta of 1.25. 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 is $129.39 and its 200 day moving average is $117.16. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date was Friday, February 7th. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HWM. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. 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 report on Wednesday, December 11th. Morgan Stanley increased their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Barclays upped their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Truist Financial reissued a "buy" rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.