Lbp Am Sa Purchases Shares of 45,174 Howmet Aerospace Inc. (NYSE:HWM)

Lbp Am Sa purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 45,174 shares of the company’s stock, valued at approximately $4,941,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC boosted its position in Howmet Aerospace by 2.4% in the fourth quarter. RPg Family Wealth Advisory LLC now owns 91,507 shares of the company’s stock valued at $10,008,000 after buying an additional 2,177 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $273,000. Gerber LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $201,000. Commonwealth Equity Services LLC lifted its position in shares of Howmet Aerospace by 14.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 101,753 shares of the company’s stock worth $11,129,000 after purchasing an additional 12,906 shares in the last quarter. Finally, PGGM Investments lifted its position in shares of Howmet Aerospace by 8.5% during the fourth quarter. PGGM Investments now owns 110,161 shares of the company’s stock worth $12,048,000 after purchasing an additional 8,675 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HWM. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley upped their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Truist Financial reissued a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Barclays boosted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Stock Up 3.1 %

Shares of HWM stock opened at $126.56 on Friday. The firm has a fifty day moving average of $126.39 and a 200-day moving average of $113.15. 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 Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The company has a market capitalization of $51.26 billion, a price-to-earnings ratio of 44.88, a P/E/G ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (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 company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed 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. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace’s dividend 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.