Howmet Aerospace Inc. (NYSE:HWM) Holdings Raised by Grant Street Asset Management Inc.

Grant Street Asset Management Inc. boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,309 shares of the company’s stock after acquiring an additional 266 shares during the quarter. Grant Street Asset Management Inc.’s holdings in Howmet Aerospace were worth $253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HWM. QRG Capital Management Inc. lifted its holdings in Howmet Aerospace by 13.1% in the 3rd quarter. QRG Capital Management Inc. now owns 6,186 shares of the company’s stock worth $620,000 after purchasing an additional 718 shares during the last quarter. Graypoint LLC bought a new stake in shares of Howmet Aerospace during the third quarter worth $235,000. Principal Financial Group Inc. increased its position in Howmet Aerospace by 7.9% in the third quarter. Principal Financial Group Inc. now owns 484,345 shares of the company’s stock worth $48,556,000 after purchasing an additional 35,601 shares during the period. Hollencrest Capital Management bought a new position in Howmet Aerospace during the third quarter worth about $30,000. Finally, Assetmark Inc. boosted its holdings in Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HWM. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Bank of America upped their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Wells Fargo & Company increased their price target 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, Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $124.70 on Monday. The firm has a market cap of $50.51 billion, a PE ratio of 44.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The firm’s 50 day simple moving average is $124.95 and its 200-day simple moving average is $112.39. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data 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 return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current 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. 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 a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 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.