Ieq Capital LLC increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 186.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,937 shares of the company's stock after purchasing an additional 38,379 shares during the quarter. Ieq Capital LLC's holdings in Howmet Aerospace were worth $6,446,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of HWM. JPMorgan Chase & Co. grew its position in Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in shares of Howmet Aerospace by 1,000.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock valued at $101,772,000 after buying an additional 845,941 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company's stock valued at $55,941,000 after buying an additional 487,880 shares during the period. Geode Capital Management LLC boosted its stake in shares of Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after buying an additional 453,275 shares during the period. Finally, State Street Corp boosted its stake in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company's stock valued at $1,748,378,000 after buying an additional 384,171 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on HWM. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Susquehanna lifted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $123.28.
Get Our Latest Report on Howmet Aerospace
Howmet Aerospace Price Performance
HWM stock traded down $8.61 on Friday, reaching $129.83. 3,517,780 shares of the company's stock were exchanged, compared to its average volume of 2,517,588. The stock has a fifty day moving average of $121.18 and a 200-day moving average of $109.59. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The firm has a market cap of $52.58 billion, a PE ratio of 46.04, a P/E/G ratio of 1.92 and a beta of 1.50. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.
Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping 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 analyst estimates of $1.88 billion. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.
Howmet Aerospace Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued 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, February 7th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio is 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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