Envestnet Asset Management Inc. Has $52.07 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Envestnet Asset Management Inc. lifted its position in Howmet Aerospace Inc. (NYSE:HWM) by 16.6% during the 4th quarter, Holdings Channel reports. The firm owned 476,051 shares of the company’s stock after buying an additional 67,730 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Howmet Aerospace were worth $52,066,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock valued at $5,153,220,000 after purchasing an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the last quarter. Geode Capital Management LLC lifted its position in Howmet Aerospace by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock worth $1,070,267,000 after buying an additional 308,574 shares in the last quarter. Norges Bank acquired a new position in Howmet Aerospace during the 4th quarter worth about $1,001,558,000. Finally, Boston Partners grew its holdings in Howmet Aerospace by 6.4% during the 4th quarter. Boston Partners now owns 5,460,744 shares of the company’s stock worth $597,460,000 after acquiring an additional 326,719 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $124.25 on Friday. The stock has a market cap of $50.32 billion, a P/E ratio of 44.06, a P/E/G ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a fifty day simple moving average of $128.80 and a 200 day simple moving average of $117.84.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results 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 return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, May 9th. Howmet Aerospace’s payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HWM. 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. JPMorgan Chase & Co. increased 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. The Goldman Sachs Group lifted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company cut their price target on Howmet Aerospace from $146.00 to $132.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $123.28.

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.