Atria Investments Inc Raises Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Atria Investments Inc raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 27,058 shares of the company’s stock after buying an additional 1,037 shares during the period. Atria Investments Inc’s holdings in Howmet Aerospace were worth $2,959,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HWM. JPMorgan Chase & Co. raised its stake in shares of Howmet Aerospace by 8.2% during the 3rd 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 during the last quarter. AustralianSuper Pty Ltd raised its stake in shares of Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock valued at $101,772,000 after buying an additional 845,941 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Howmet Aerospace by 5.0% during the 3rd 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 during the last quarter. State Street Corp raised its stake in shares of Howmet Aerospace by 2.3% during the 3rd 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 during the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Howmet Aerospace by 20.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock valued at $182,202,000 after buying an additional 287,783 shares during 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 $124.70 on Friday. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a 50 day moving average of $124.95 and a two-hundred day moving average of $112.27. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $50.51 billion, a P/E ratio of 44.22, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Howmet Aerospace’s dividend payout ratio is 14.18%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HWM. Bank of America lifted their price objective on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. Morgan Stanley lifted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company lifted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial restated a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.