39,251 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Vestor Capital LLC

Vestor Capital LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 39,251 shares of the company's stock, valued at approximately $4,293,000.

Several other large investors have also modified their holdings of HWM. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the period. AustralianSuper Pty Ltd lifted its stake in shares of Howmet Aerospace by 1,000.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock valued at $101,772,000 after buying an additional 845,941 shares during the period. Raymond James Financial Inc. acquired a new stake in Howmet Aerospace during the fourth quarter worth about $61,740,000. Geode Capital Management LLC increased its stake in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after acquiring an additional 453,275 shares during the period. Finally, State Street Corp lifted its position in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after acquiring an additional 384,171 shares during the period. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Down 2.7 %

Shares of Howmet Aerospace stock traded down $3.68 on Wednesday, hitting $134.04. 2,731,988 shares of the company's stock traded hands, compared to its average volume of 2,640,529. The firm's 50-day moving average price is $128.89 and its two-hundred day moving average price is $115.23. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a market capitalization of $54.29 billion, a PE ratio of 47.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

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

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders 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 dividend yield of 0.30%. Howmet Aerospace's payout ratio is 14.18%.

Analyst Ratings Changes

Several brokerages have issued reports on HWM. Truist Financial reissued a "buy" rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. JPMorgan Chase & Co. increased their target price 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 boosted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.