Aviva PLC Has $25.62 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Aviva PLC raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 217.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 234,217 shares of the company’s stock after purchasing an additional 160,528 shares during the quarter. Aviva PLC owned approximately 0.06% of Howmet Aerospace worth $25,616,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Howmet Aerospace by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock worth $5,153,220,000 after buying an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Howmet Aerospace by 14.0% during the 4th 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Howmet Aerospace by 3.2% during 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 in the last quarter. Norges Bank acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at $1,001,558,000. Finally, Boston Partners boosted its holdings in Howmet Aerospace by 6.4% in the fourth 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 in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Barclays lifted 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, February 18th. Finally, Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Trading Down 10.1 %

Howmet Aerospace stock opened at $112.32 on Monday. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a market cap of $45.49 billion, a price-to-earnings ratio of 39.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business has a 50 day moving average price of $129.39 and a two-hundred day moving average price of $117.16. 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 (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.10 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Howmet Aerospace’s dividend payout ratio (DPR) 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.