O Shaughnessy Asset Management LLC lifted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,132 shares of the company's stock after buying an additional 2,806 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Howmet Aerospace were worth $4,170,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp raised its stake in Howmet Aerospace by 12.1% during the 3rd 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 purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth $531,000. Genesis Private Wealth LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $249,000. Ameritas Advisory Services LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at $289,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Howmet Aerospace by 303.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock valued at $1,199,000 after buying an additional 8,241 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Howmet Aerospace Trading Up 3.0 %
NYSE HWM traded up $3.41 during trading hours on Monday, hitting $115.74. 5,805,414 shares of the company were exchanged, compared to its average volume of 2,752,837. The stock has a market cap of $46.88 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The stock has a 50-day moving average price of $129.26 and a 200 day moving average price of $117.29. 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 for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.
Howmet Aerospace Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. Howmet Aerospace's payout ratio is currently 14.18%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Morgan Stanley increased their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus target price of $123.28.
View Our Latest Analysis on Howmet Aerospace
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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