Harvest Fund Management Co. Ltd Boosts Position in Howmet Aerospace Inc. (NYSE:HWM)

Harvest Fund Management Co. Ltd lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 45.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,909 shares of the company's stock after acquiring an additional 5,923 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Howmet Aerospace were worth $2,068,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HWM. OneDigital Investment Advisors LLC raised its position in Howmet Aerospace by 2.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company's stock valued at $527,000 after purchasing an additional 124 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in Howmet Aerospace by 2.7% during the 3rd quarter. Mutual of America Capital Management LLC now owns 50,266 shares of the company's stock worth $5,039,000 after acquiring an additional 1,343 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Howmet Aerospace by 94.9% in the 3rd quarter. Quest Partners LLC now owns 1,405 shares of the company's stock valued at $141,000 after purchasing an additional 684 shares in the last quarter. Pathstone Holdings LLC grew its stake in shares of Howmet Aerospace by 4.2% during the third quarter. Pathstone Holdings LLC now owns 48,476 shares of the company's stock worth $4,860,000 after purchasing an additional 1,940 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in Howmet Aerospace by 1.0% in the third quarter. Caprock Group LLC now owns 11,179 shares of the company's stock valued at $1,121,000 after buying an additional 106 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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Howmet Aerospace Stock Performance

Shares of HWM stock traded up $5.38 during trading hours on Monday, reaching $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 debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The company's 50 day moving average is $128.09 and its two-hundred day moving average is $114.61. The company has a market cap of $55.18 billion, a P/E ratio of 48.31, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released 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. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced 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 positive change from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HWM. The Goldman Sachs Group upped their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley increased their price target 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 upped their target price 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. Truist Financial reissued a "buy" rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, Barclays upped their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. One 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $123.28.

About Howmet Aerospace

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.