Wellington Management Group LLP Has $1.07 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Wellington Management Group LLP raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 236.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,816 shares of the company's stock after buying an additional 6,900 shares during the quarter. Wellington Management Group LLP's holdings in Howmet Aerospace were worth $1,074,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Howmet Aerospace in the fourth quarter worth about $1,001,558,000. JPMorgan Chase & Co. grew its position 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 period. AustralianSuper Pty Ltd lifted its holdings in shares of Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock valued at $101,772,000 after acquiring an additional 845,941 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at $61,740,000. Finally, Sei Investments Co. grew its holdings in shares of Howmet Aerospace by 82.4% in the 4th quarter. Sei Investments Co. now owns 1,106,586 shares of the company's stock worth $121,026,000 after purchasing an additional 499,978 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Down 2.4 %

Howmet Aerospace stock traded down $3.02 during mid-day trading on Tuesday, hitting $124.44. 3,606,718 shares of the company's stock were exchanged, compared to its average volume of 2,753,410. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week 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. The firm has a market capitalization of $50.40 billion, a P/E ratio of 44.13, a PEG ratio of 1.92 and a beta of 1.25. The company's 50 day simple moving average is $128.70 and its 200-day simple moving average is $118.39.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on HWM shares. Morgan Stanley boosted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Wells Fargo & Company reissued an "equal weight" rating and issued a $118.00 price objective (down previously from $132.00) on shares of Howmet Aerospace in a research note on Tuesday. Barclays upped their price target 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. The Goldman Sachs Group upped 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. Finally, JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $122.50.

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.