KLP Kapitalforvaltning AS Invests $37.43 Million in Howmet Aerospace Inc. (NYSE:HWM)

KLP Kapitalforvaltning AS acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 342,244 shares of the company's stock, valued at approximately $37,431,000. KLP Kapitalforvaltning AS owned 0.08% of Howmet Aerospace as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. R Squared Ltd bought a new position in Howmet Aerospace during the fourth quarter valued at about $26,000. Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $33,000. Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $34,000. Finally, ORG Partners LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Down 2.7 %

Shares of NYSE HWM traded down $3.68 during midday trading on Wednesday, hitting $134.04. The stock had a trading volume of 2,731,988 shares, compared to its average volume of 2,640,529. The firm has a market cap of $54.29 billion, a P/E ratio of 47.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The company's 50-day simple moving average is $129.13 and its 200 day simple moving average is $115.36.

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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 the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during 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%. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. lifted 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 upped their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Barclays increased their price target on shares of 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 upped their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group increased their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $123.28.

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.