Dilation Capital Management LP Purchases Shares of 55,355 Howmet Aerospace Inc. (NYSE:HWM)

Dilation Capital Management LP bought a new position in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 55,355 shares of the company’s stock, valued at approximately $6,054,000. Howmet Aerospace makes up 5.6% of Dilation Capital Management LP’s investment portfolio, making the stock its 8th largest position.

Several other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new position in Howmet Aerospace in the 4th quarter worth $1,001,558,000. JPMorgan Chase & Co. lifted its stake in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Winslow Capital Management LLC purchased a new stake in Howmet Aerospace in the fourth quarter valued at $265,844,000. AustralianSuper Pty Ltd grew its position in Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after purchasing an additional 845,941 shares during the period. Finally, Capital World Investors raised its stake in shares of Howmet Aerospace by 13.3% during the 4th quarter. Capital World Investors now owns 4,855,273 shares of the company’s stock valued at $531,021,000 after buying an additional 570,567 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HWM. 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 research report on Tuesday, April 15th. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Benchmark lifted their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Monday. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $125.06.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $119.52 on Tuesday. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The firm has a 50 day moving average of $128.23 and a two-hundred day moving average of $119.11. 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 stock has a market capitalization of $48.41 billion, a PE ratio of 42.38, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The business 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%. On average, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. Howmet Aerospace’s payout ratio 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.