Ossiam Has $5.84 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Ossiam boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 435.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,389 shares of the company's stock after acquiring an additional 43,415 shares during the period. Ossiam's holdings in Howmet Aerospace were worth $5,839,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S boosted its holdings in Howmet Aerospace by 1.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 36,772 shares of the company's stock valued at $4,022,000 after acquiring an additional 493 shares during the last quarter. Capital Research Global Investors lifted its holdings in shares of Howmet Aerospace by 0.4% in the fourth quarter. Capital Research Global Investors now owns 3,144,837 shares of the company's stock valued at $343,959,000 after purchasing an additional 13,865 shares in the last quarter. Capital World Investors boosted its holdings in Howmet Aerospace by 13.3% during the fourth quarter. Capital World Investors now owns 4,855,273 shares of the company's stock worth $531,021,000 after purchasing an additional 570,567 shares during the last quarter. Freedom Investment Management Inc. grew its holdings in shares of Howmet Aerospace by 1.9% in the fourth quarter. Freedom Investment Management Inc. now owns 8,959 shares of the company's stock valued at $980,000 after acquiring an additional 168 shares in the last quarter. Finally, GeoWealth Management LLC increased its position in shares of Howmet Aerospace by 13.1% during the 4th quarter. GeoWealth Management LLC now owns 1,171 shares of the company's stock valued at $128,000 after purchasing an additional 136 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on HWM shares. Truist Financial dropped their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company restated an "equal weight" rating and issued a $118.00 target price (down previously from $132.00) on shares of Howmet Aerospace in a research report on Tuesday, April 15th. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. Finally, Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $125.06.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded up $5.61 on Wednesday, hitting $129.91. The stock had a trading volume of 2,931,429 shares, compared to its average volume of 2,747,382. Howmet Aerospace Inc. has a 52-week low of $63.64 and a 52-week high of $140.55. The stock has a market cap of $52.62 billion, a price-to-earnings ratio of 46.07, a P/E/G ratio of 1.92 and a beta of 1.25. The company's 50 day moving average price is $128.16 and its 200 day moving average price is $119.15. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. Howmet Aerospace's 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.