Mediolanum International Funds Ltd Buys 32,099 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mediolanum International Funds Ltd raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 43.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,345 shares of the company’s stock after purchasing an additional 32,099 shares during the period. Mediolanum International Funds Ltd’s holdings in Howmet Aerospace were worth $11,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of HWM. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace during the 3rd quarter worth approximately $26,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter worth $26,000. Hollencrest Capital Management purchased a new stake in shares of Howmet Aerospace during the 3rd quarter valued at $30,000. Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth $33,000. Finally, Hanson & Doremus Investment Management purchased a new position in Howmet Aerospace during the 4th quarter worth $34,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HWM shares. Bank of America raised their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Susquehanna boosted their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. UBS Group boosted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, Sanford C. Bernstein raised their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $126.45 on Friday. The company has a market capitalization of $51.37 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 1.42 and a beta of 1.49. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The company’s fifty day moving average price is $116.82 and its 200 day moving average price is $104.44. Howmet Aerospace Inc. has a 1 year low of $55.89 and a 1 year high of $129.10.

Howmet Aerospace Increases Dividend

The firm 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 dividend of $0.10 per share. 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

About Howmet Aerospace

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.