Geode Capital Management LLC Has $1.07 Billion Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Geode Capital Management LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,810,797 shares of the company's stock after buying an additional 308,574 shares during the quarter. Geode Capital Management LLC owned about 2.41% of Howmet Aerospace worth $1,070,267,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp boosted its stake in Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company's stock worth $26,450,000 after purchasing an additional 28,568 shares during the period. Vista Investment Partners LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $531,000. Genesis Private Wealth LLC bought a new position in shares of Howmet Aerospace during the fourth quarter worth about $249,000. Ameritas Advisory Services LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at approximately $289,000. Finally, Geneos Wealth Management Inc. lifted its stake in Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock valued at $1,199,000 after acquiring an additional 8,241 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the subject of several research reports. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company raised their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Barclays boosted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.28.

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Howmet Aerospace Stock Performance

Shares of NYSE HWM traded down $12.68 during trading hours on Friday, reaching $112.32. 6,662,826 shares of the stock were exchanged, compared to its average volume of 2,740,626. The stock's fifty day simple moving average is $129.39 and its 200 day simple moving average is $117.00. The firm has a market capitalization of $45.49 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. 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 quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion for 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%. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's payout ratio is currently 14.18%.

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.