Winslow Capital Management LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,430,689 shares of the company's stock, valued at approximately $265,844,000. Winslow Capital Management LLC owned about 0.60% of Howmet Aerospace at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 352,256 shares during the period. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Howmet Aerospace by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock valued at $1,070,267,000 after purchasing an additional 308,574 shares during the last quarter. Norges Bank purchased a new stake in shares of Howmet Aerospace during the 4th quarter valued at $1,001,558,000. Finally, Boston Partners raised its holdings 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 worth $597,460,000 after purchasing an additional 326,719 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.
Howmet Aerospace Stock Performance
HWM traded up $1.24 during trading hours on Monday, hitting $126.91. 506,293 shares of the stock were exchanged, compared to its average volume of 2,744,118. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a 50-day simple moving average of $128.80 and a 200-day simple moving average of $118.15. The stock has a market cap of $51.40 billion, a price-to-earnings ratio of 45.00, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.
Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.
Howmet Aerospace Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 14.18%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the company. Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their price target on shares of Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Truist Financial reissued a "buy" rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.28.
Check Out Our Latest Analysis on Howmet Aerospace
Howmet Aerospace Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Howmet Aerospace, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Howmet Aerospace wasn't on the list.
While Howmet Aerospace currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
