Bank of Nova Scotia boosted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 190.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,948 shares of the company's stock after buying an additional 97,702 shares during the period. Bank of Nova Scotia's holdings in Howmet Aerospace were worth $16,290,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in Howmet Aerospace during the 3rd quarter valued at about $271,000. Wellington Management Group LLP bought a new stake in shares of Howmet Aerospace during the third quarter valued at approximately $292,000. EP Wealth Advisors LLC acquired a new position in shares of Howmet Aerospace during the third quarter worth approximately $248,000. Orion Portfolio Solutions LLC grew its holdings in Howmet Aerospace by 25.3% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,373 shares of the company's stock worth $1,441,000 after buying an additional 2,902 shares in the last quarter. Finally, MML Investors Services LLC increased its position in Howmet Aerospace by 7.0% in the 3rd quarter. MML Investors Services LLC now owns 37,497 shares of the company's stock valued at $3,759,000 after acquiring an additional 2,442 shares during the period. 90.46% of the stock is currently owned by institutional investors.
Howmet Aerospace Stock Down 2.4 %
Shares of NYSE HWM traded down $3.02 during trading hours on Tuesday, hitting $124.44. The stock had a trading volume of 2,868,426 shares, compared to its average volume of 2,753,294. The firm's 50-day moving average price is $128.79 and its two-hundred day moving average price is $118.35. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The company has a market capitalization of $50.40 billion, a P/E ratio of 44.13, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.
Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its 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 net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.
Howmet Aerospace Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Finally, The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $122.50.
View Our Latest Analysis on HWM
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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