New York Life Investment Management LLC Increases Position in Howmet Aerospace Inc. (NYSE:HWM)

New York Life Investment Management LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,083 shares of the company's stock after purchasing an additional 5,979 shares during the quarter. New York Life Investment Management LLC's holdings in Howmet Aerospace were worth $6,571,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in HWM. Stifel Financial Corp grew its holdings in shares of Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company's stock worth $26,450,000 after acquiring an additional 28,568 shares during the period. Vista Investment Partners LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $531,000. Genesis Private Wealth LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $249,000. Oppenheimer & Co. Inc. increased its position in shares of Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company's stock valued at $2,622,000 after purchasing an additional 15,070 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $289,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded down $1.91 during mid-day trading on Tuesday, reaching $129.11. 4,065,189 shares of the company's stock traded hands, compared to its average volume of 2,847,977. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The company has a market cap of $52.29 billion, a price-to-earnings ratio of 45.74, a PEG ratio of 1.92 and a beta of 1.50. The stock has a 50 day moving average of $123.77 and a two-hundred day moving average of $111.52. 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 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 company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Analysts Set New Price Targets

A number of brokerages have commented on HWM. Susquehanna upped their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a report on Thursday, November 7th. Robert W. Baird upped their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised 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. Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 13th. Finally, Barclays raised their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.