Robeco Institutional Asset Management B.V. Purchases 1,771 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Robeco Institutional Asset Management B.V. grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 198,019 shares of the company’s stock after acquiring an additional 1,771 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Howmet Aerospace were worth $21,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $26,000. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth about $33,000. Finally, ORG Partners LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth about $44,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays raised their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Sanford C. Bernstein raised their target price 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. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Robert W. Baird lifted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $126.45 on Friday. The firm has a 50 day moving average of $116.82 and a 200-day moving average of $104.44. The stock has a market capitalization of $51.37 billion, a PE ratio of 48.26, a PEG ratio of 1.42 and a beta of 1.49. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. Howmet Aerospace Inc. has a 12 month low of $55.89 and a 12 month high of $129.10.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a $0.10 dividend. The ex-dividend date is Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace’s payout ratio is presently 12.21%.

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.