Sterling Capital Management LLC Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Sterling Capital Management LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 53.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,062 shares of the company's stock after acquiring an additional 8,019 shares during the quarter. Sterling Capital Management LLC's holdings in Howmet Aerospace were worth $2,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of HWM. Vanguard Group Inc. lifted its holdings in Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock worth $5,153,220,000 after buying an additional 352,256 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares during the last quarter. Geode Capital Management LLC increased its position in Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock worth $1,070,267,000 after purchasing an additional 308,574 shares during the period. Norges Bank bought a new stake in Howmet Aerospace during the 4th quarter worth about $1,001,558,000. Finally, Boston Partners boosted its stake in shares of Howmet Aerospace by 6.4% in the 4th quarter. Boston Partners now owns 5,460,744 shares of the company's stock valued at $597,460,000 after purchasing an additional 326,719 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

HWM traded down $0.73 during trading on Friday, reaching $123.21. The stock had a trading volume of 2,188,892 shares, compared to its average volume of 2,750,739. 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 business has a 50-day moving average of $128.53 and a 200-day moving average of $118.59. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The stock has a market cap of $49.90 billion, a PE ratio of 43.69, a PEG ratio of 1.92 and a beta of 1.25.

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

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HWM. Truist Financial cut their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a research note on Tuesday. Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $122.28.

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.