CIBC Asset Management Inc Acquires 2,523 Shares of Howmet Aerospace Inc. (NYSE:HWM)

CIBC Asset Management Inc lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,064 shares of the company's stock after acquiring an additional 2,523 shares during the period. CIBC Asset Management Inc's holdings in Howmet Aerospace were worth $6,788,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of HWM. NTV Asset Management LLC lifted its position in shares of Howmet Aerospace by 4.8% during the 4th quarter. NTV Asset Management LLC now owns 2,631 shares of the company's stock valued at $288,000 after acquiring an additional 121 shares during the period. Sanctuary Advisors LLC increased its stake in Howmet Aerospace by 6.7% in the fourth quarter. Sanctuary Advisors LLC now owns 31,423 shares of the company's stock valued at $3,437,000 after acquiring an additional 1,963 shares during the last quarter. Capital Performance Advisors LLP raised its position in Howmet Aerospace by 12.9% during the fourth quarter. Capital Performance Advisors LLP now owns 4,405 shares of the company's stock valued at $482,000 after purchasing an additional 504 shares in the last quarter. Allworth Financial LP lifted its stake in Howmet Aerospace by 47.6% during the fourth quarter. Allworth Financial LP now owns 1,959 shares of the company's stock worth $214,000 after purchasing an additional 632 shares during the last quarter. Finally, Principal Securities Inc. boosted its holdings in shares of Howmet Aerospace by 23.9% in the 4th quarter. Principal Securities Inc. now owns 6,872 shares of the company's stock valued at $752,000 after purchasing an additional 1,325 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of HWM traded down $8.61 on Friday, reaching $129.83. 3,517,780 shares of the company's stock traded hands, compared to its average volume of 2,517,588. The stock's 50 day simple moving average is $121.18 and its two-hundred day simple moving average is $109.59. The stock has a market cap of $52.58 billion, a PE ratio of 46.04, a PEG ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted 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. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a $0.10 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Analysts Set New Price Targets

HWM has been the subject of a number of research analyst reports. Robert W. Baird boosted their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday. UBS Group raised their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. Finally, Susquehanna increased their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average target price 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.