Zurcher Kantonalbank Zurich Cantonalbank Buys 6,953 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 244,489 shares of the company's stock after purchasing an additional 6,953 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Howmet Aerospace worth $26,740,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. AustralianSuper Pty Ltd grew its holdings in shares of Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after purchasing an additional 845,941 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $61,740,000. Geode Capital Management LLC raised its stake in shares of Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock valued at $949,382,000 after purchasing an additional 453,275 shares in the last quarter. Finally, State Street Corp lifted its position in Howmet Aerospace by 2.3% in the third quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after purchasing an additional 384,171 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HWM. JPMorgan Chase & Co. boosted 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. Bank of America upped their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 13th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company upped their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Finally, Barclays raised 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $123.28.

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Howmet Aerospace Stock Up 2.5 %

Shares of NYSE:HWM opened at $125.39 on Wednesday. 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 cap of $50.79 billion, a P/E ratio of 44.47, a P/E/G ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company's 50-day moving average price is $125.51 and its two-hundred day moving average price is $112.77.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly 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 business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders 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 represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's payout ratio is presently 14.18%.

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.

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