2,925 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,925 shares of the company's stock, valued at approximately $320,000.

Several other large investors also recently bought and sold shares of HWM. R Squared Ltd purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at about $26,000. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the third quarter worth approximately $26,000. Hollencrest Capital Management purchased a new position in Howmet Aerospace in the third quarter worth approximately $30,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $33,000. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

HWM has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective 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. Finally, Bank of America upped their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $123.28.

Howmet Aerospace Price Performance

Shares of NYSE HWM traded down $1.98 during midday trading on Thursday, hitting $128.32. The company had a trading volume of 395,770 shares, compared to its average volume of 2,833,081. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The firm has a market capitalization of $51.97 billion, a price-to-earnings ratio of 45.65, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The business has a 50-day simple moving average of $124.44 and a two-hundred day simple moving average of $111.87. 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 released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Friday, February 7th. Howmet Aerospace's dividend payout ratio is currently 14.18%.

Howmet Aerospace 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.