Renaissance Technologies LLC Raises Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Renaissance Technologies LLC lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 788,688 shares of the company's stock after purchasing an additional 117,770 shares during the quarter. Renaissance Technologies LLC owned 0.19% of Howmet Aerospace worth $86,259,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in shares of Howmet Aerospace in the third quarter worth about $271,000. Wellington Management Group LLP bought a new position in Howmet Aerospace in the 3rd quarter valued at $292,000. Kovitz Investment Group Partners LLC boosted its holdings in Howmet Aerospace by 28.6% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 22,728 shares of the company's stock valued at $2,278,000 after purchasing an additional 5,054 shares during the period. Insigneo Advisory Services LLC purchased a new position in shares of Howmet Aerospace during the 3rd quarter valued at $217,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Howmet Aerospace in the third quarter worth $248,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price objective 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 upped their price objective on shares of 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 lifted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company decreased their price target on shares of Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $123.28.

Howmet Aerospace Trading Up 1.2 %

Shares of NYSE:HWM traded up $1.57 during trading on Monday, reaching $127.24. 445,569 shares of the company traded hands, compared to its average volume of 2,984,349. 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 Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The firm has a market capitalization of $51.54 billion, a price-to-earnings ratio of 45.12, a P/E/G ratio of 1.92 and a beta of 1.25. The business's fifty day moving average is $128.80 and its 200-day moving average is $118.15.

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, topping analysts' consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion for 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%. As a group, analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's payout ratio is 14.18%.

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.