Next Century Growth Investors LLC grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 96.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,075 shares of the company's stock after acquiring an additional 16,231 shares during the period. Next Century Growth Investors LLC's holdings in Howmet Aerospace were worth $3,617,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of HWM. Norges Bank bought a new position in Howmet Aerospace during the 4th quarter valued at approximately $1,001,558,000. JPMorgan Chase & Co. increased its stake in shares of Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the period. Winslow Capital Management LLC bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $265,844,000. AustralianSuper Pty Ltd lifted its stake in Howmet Aerospace by 1,000.0% in the fourth 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 during the period. Finally, Raymond James Financial Inc. bought a new stake in Howmet Aerospace in the fourth quarter valued at $61,740,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on the stock. Truist Financial restated a "buy" rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Barclays raised their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $122.50.
Check Out Our Latest Stock Analysis on Howmet Aerospace
Howmet Aerospace Stock Down 2.4 %
NYSE HWM traded down $3.02 during mid-day trading on Tuesday, reaching $124.44. The stock had a trading volume of 3,606,718 shares, compared to its average volume of 2,753,410. The company has a fifty day moving average price of $128.79 and a 200 day moving average price of $118.35. 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 Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The stock has a market cap of $50.40 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.
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 (EPS) for the quarter, beating 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.
Howmet Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.
About Howmet Aerospace
(
Free Report)
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.
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