Vanguard Group Inc. Increases Stake in Howmet Aerospace Inc. (NYSE:HWM)

Vanguard Group Inc. raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 0.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 47,117,309 shares of the company's stock after purchasing an additional 352,256 shares during the period. Vanguard Group Inc. owned 11.60% of Howmet Aerospace worth $5,153,220,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. R Squared Ltd purchased a new position in Howmet Aerospace during the fourth quarter valued at approximately $26,000. Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter valued at $29,000. Global Trust Asset Management LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at $33,000. Hanson & Doremus Investment Management bought a new position in shares of Howmet Aerospace in the 4th quarter worth $34,000. Finally, ORG Partners LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth $44,000. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. 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. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group boosted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays raised their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, Truist Financial reaffirmed a "buy" rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $123.28.

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Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded down $2.82 on Friday, reaching $129.61. 1,945,000 shares of the stock were exchanged, compared to its average volume of 2,747,326. The business has a 50 day moving average price of $129.41 and a two-hundred day moving average price of $115.73. The firm has a market capitalization of $52.50 billion, a price-to-earnings ratio of 45.96, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. 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 posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The company 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%. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a 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.