Ossiam Acquires 43,415 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Ossiam grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 435.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,389 shares of the company’s stock after acquiring an additional 43,415 shares during the quarter. Ossiam’s holdings in Howmet Aerospace were worth $5,839,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. BI Asset Management Fondsmaeglerselskab A S increased its stake in Howmet Aerospace by 1.4% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 36,772 shares of the company’s stock worth $4,022,000 after purchasing an additional 493 shares in the last quarter. Capital Research Global Investors increased its position in shares of Howmet Aerospace by 0.4% during the fourth quarter. Capital Research Global Investors now owns 3,144,837 shares of the company’s stock worth $343,959,000 after acquiring an additional 13,865 shares in the last quarter. Capital World Investors raised its holdings in shares of Howmet Aerospace by 13.3% during the fourth quarter. Capital World Investors now owns 4,855,273 shares of the company’s stock worth $531,021,000 after acquiring an additional 570,567 shares during the period. Freedom Investment Management Inc. lifted its position in Howmet Aerospace by 1.9% in the 4th quarter. Freedom Investment Management Inc. now owns 8,959 shares of the company’s stock valued at $980,000 after acquiring an additional 168 shares in the last quarter. Finally, GeoWealth Management LLC boosted its stake in Howmet Aerospace by 13.1% in the 4th quarter. GeoWealth Management LLC now owns 1,171 shares of the company’s stock worth $128,000 after purchasing an additional 136 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.6 %

HWM stock opened at $123.21 on Friday. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week 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 company’s 50-day simple moving average is $128.40 and its 200 day simple moving average is $118.86. The company has a market capitalization of $49.90 billion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors 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 dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on HWM shares. Morgan Stanley boosted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial cut their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $118.00 price objective (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.28.

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.