Royal London Asset Management Ltd. Has $17.92 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Royal London Asset Management Ltd. lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,886 shares of the company's stock after purchasing an additional 5,637 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Howmet Aerospace were worth $17,924,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Stifel Financial Corp increased its holdings in Howmet Aerospace by 12.1% in the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company's stock valued at $26,450,000 after buying an additional 28,568 shares during the period. Vista Investment Partners LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $531,000. Genesis Private Wealth LLC bought a new position in Howmet Aerospace in the fourth quarter valued at approximately $249,000. Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace during the fourth quarter worth $289,000. Finally, Geneos Wealth Management Inc. lifted its stake in Howmet Aerospace by 303.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after purchasing an additional 8,241 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Down 2.7 %

Shares of HWM traded down $3.68 during mid-day trading on Wednesday, reaching $134.04. 2,731,988 shares of the company were exchanged, compared to its average volume of 2,637,587. The business has a 50 day simple moving average of $128.89 and a two-hundred day simple moving average of $115.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock has a market capitalization of $54.29 billion, a PE ratio of 47.53, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55.

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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. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HWM shares. The Goldman Sachs Group boosted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Truist Financial reissued a "buy" rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Wells Fargo & Company raised their price target 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 upped their price objective 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.

Howmet Aerospace Company 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.