Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Xponance Inc.

Xponance Inc. lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,195 shares of the company's stock after acquiring an additional 5,167 shares during the quarter. Xponance Inc.'s holdings in Howmet Aerospace were worth $6,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HWM. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 1,336,592 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after acquiring an additional 845,941 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Howmet Aerospace in the 4th quarter worth approximately $61,740,000. Geode Capital Management LLC grew its position in Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after acquiring an additional 453,275 shares in the last quarter. Finally, State Street Corp raised its stake in shares of 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 purchasing an additional 384,171 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

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Howmet Aerospace Stock Performance

HWM traded up $5.38 on Monday, hitting $136.23. 2,406,597 shares of the company's stock were exchanged, compared to its average volume of 2,634,947. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a fifty day moving average of $128.09 and a two-hundred day moving average of $114.61. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The firm has a market cap of $55.18 billion, a PE ratio of 48.31, a P/E/G ratio of 1.92 and a beta of 1.54.

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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. On average, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace's payout ratio is 14.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HWM. Morgan Stanley upped their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Truist Financial reiterated a "buy" rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus price target of $123.28.

Howmet Aerospace Company 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.