AustralianSuper Pty Ltd grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1,000.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock worth $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. State Street Corp raised its holdings in Howmet Aerospace by 2.3% during the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after purchasing an additional 384,171 shares during the last quarter. Geode Capital Management LLC raised its holdings in Howmet Aerospace by 5.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock worth $949,382,000 after purchasing an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Howmet Aerospace by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock worth $231,101,000 after purchasing an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its holdings in Howmet Aerospace by 12.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company's stock worth $138,159,000 after purchasing an additional 150,387 shares during the last quarter. Institutional investors own 90.46% of the company's stock.
Shares of NYSE HWM traded up $5.58 during trading on Friday, reaching $133.66. The company had a trading volume of 4,278,007 shares, compared to its average volume of 2,619,512. Howmet Aerospace Inc. has a 12-month low of $62.70 and a 12-month high of $133.92. The stock has a market cap of $54.30 billion, a PE ratio of 51.02, a P/E/G ratio of 1.45 and a beta of 1.50. The business's 50-day moving average is $119.05 and its 200 day moving average is $108.09. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.
Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its 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. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 2.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend is Friday, February 7th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.18%.
HWM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday. Robert W. Baird raised their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a "buy" rating in a research report on Wednesday, November 13th. Barclays lifted their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday, November 11th. Finally, Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $117.76.
View Our Latest Stock Report on HWM
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.
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