DSM Capital Partners LLC Raises Stake in Howmet Aerospace Inc. (NYSE:HWM)

DSM Capital Partners LLC raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,011,961 shares of the company’s stock after acquiring an additional 175,409 shares during the quarter. Howmet Aerospace makes up about 1.7% of DSM Capital Partners LLC’s holdings, making the stock its 18th biggest holding. DSM Capital Partners LLC’s holdings in Howmet Aerospace were worth $110,678,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in HWM. Stifel Financial Corp lifted its position in shares of Howmet Aerospace by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after buying an additional 28,568 shares during the last quarter. Vista Investment Partners LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $531,000. Genesis Private Wealth LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $249,000. Oppenheimer & Co. Inc. lifted its position in shares of Howmet Aerospace by 135.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock worth $2,622,000 after buying an additional 15,070 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $289,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $136.62 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a fifty-two week low of $62.70 and a fifty-two week high of $137.41. The stock has a market cap of $55.50 billion, a PE ratio of 52.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The firm’s fifty day simple moving average is $119.90 and its 200-day simple moving average is $108.88.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Analysts expect that Howmet Aerospace Inc. will post 2.66 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. Howmet Aerospace’s dividend payout ratio is 12.21%.

Wall Street Analysts Forecast Growth

HWM has been the subject of several research reports. Truist Financial reiterated a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. UBS Group upped their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Royal Bank of Canada upped their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $121.41.

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.