NewEdge Advisors LLC Raises Holdings in Howmet Aerospace Inc. (NYSE:HWM)

NewEdge Advisors LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,058 shares of the company's stock after acquiring an additional 6,546 shares during the quarter. NewEdge Advisors LLC's holdings in Howmet Aerospace were worth $6,350,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at about $1,001,558,000. JPMorgan Chase & Co. grew its position in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares during the last quarter. Winslow Capital Management LLC acquired a new position in Howmet Aerospace during the 4th quarter valued at approximately $265,844,000. AustralianSuper Pty Ltd raised its holdings in shares of 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 buying an additional 845,941 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $61,740,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of HWM stock traded up $5.61 during trading hours on Wednesday, hitting $129.91. 2,351,341 shares of the company's stock were exchanged, compared to its average volume of 2,748,394. Howmet Aerospace Inc. has a fifty-two week low of $62.83 and a fifty-two week high of $140.55. The firm has a market cap of $52.62 billion, a P/E ratio of 46.07, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average of $128.16 and a two-hundred day moving average of $119.15.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion during 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%. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on HWM. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Benchmark boosted their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays upped their target price 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, JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $125.06.

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.