AustralianSuper Pty Ltd Increases Stake in Howmet Aerospace Inc. (NYSE:HWM)

AustralianSuper Pty Ltd lifted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 1,000.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 930,533 shares of the company’s stock after purchasing an additional 845,941 shares during the quarter. AustralianSuper Pty Ltd owned about 0.23% of Howmet Aerospace worth $101,772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HWM. Exchange Traded Concepts LLC purchased a new position in shares of Howmet Aerospace in the 3rd quarter valued at approximately $553,000. Creative Planning increased its holdings in Howmet Aerospace by 14.3% in the 3rd quarter. Creative Planning now owns 52,170 shares of the company’s stock worth $5,230,000 after buying an additional 6,537 shares during the period. Vontobel Holding Ltd. increased its holdings in Howmet Aerospace by 5.7% in the 3rd quarter. Vontobel Holding Ltd. now owns 3,876 shares of the company’s stock worth $389,000 after buying an additional 208 shares during the period. Bleakley Financial Group LLC increased its holdings in Howmet Aerospace by 168.0% in the 3rd quarter. Bleakley Financial Group LLC now owns 15,047 shares of the company’s stock worth $1,508,000 after buying an additional 9,432 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Howmet Aerospace by 8.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,207 shares of the company’s stock worth $5,735,000 after buying an additional 4,440 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 4.4 %

Shares of NYSE:HWM opened at $133.66 on Friday. The business’s 50 day moving average price is $118.75 and its 200-day moving average price is $107.74. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm has a market capitalization of $54.30 billion, a price-to-earnings ratio of 51.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. Howmet Aerospace Inc. has a 1 year low of $62.70 and a 1 year high of $133.92.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data 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. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 2.66 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.21%.

Analysts Set New Price Targets

Several brokerages recently weighed in on HWM. UBS Group increased their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Truist Financial reiterated a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday. Sanford C. Bernstein raised their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Susquehanna raised their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $117.76.

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.