Howmet Aerospace Inc. (NYSE:HWM) Holdings Lifted by Xponance Inc.

Xponance Inc. increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 62,195 shares of the company’s stock after purchasing an additional 5,167 shares during the quarter. Xponance Inc.’s holdings in Howmet Aerospace were worth $6,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. grew its holdings in shares of 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 buying an additional 1,336,592 shares in the last quarter. State Street Corp grew its holdings in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after buying an additional 384,171 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after buying an additional 453,275 shares in the last quarter. Boston Partners grew its holdings in shares of Howmet Aerospace by 6.4% during the fourth quarter. Boston Partners now owns 5,460,744 shares of the company’s stock valued at $597,460,000 after buying an additional 326,719 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Howmet Aerospace by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,351,189 shares of the company’s stock valued at $257,150,000 after buying an additional 45,940 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

NYSE HWM opened at $132.08 on Thursday. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock has a market capitalization of $53.50 billion, a PE ratio of 46.84, a P/E/G ratio of 1.92 and a beta of 1.54. The stock has a 50-day simple moving average of $127.40 and a 200 day simple moving average of $113.96.

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 the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.30%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s payout ratio is currently 14.18%.

Wall Street Analyst Weigh In

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

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.