AustralianSuper Pty Ltd Boosts Position in Howmet Aerospace Inc. (NYSE:HWM)

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

Several other institutional investors have also modified their holdings of HWM. JPMorgan Chase & Co. raised its holdings 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 worth $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Howmet Aerospace by 695.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock worth $55,941,000 after acquiring an additional 487,880 shares during the period. Geode Capital Management LLC raised its holdings 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 worth $949,382,000 after acquiring an additional 453,275 shares during the period. State Street Corp increased its position 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 worth $1,748,378,000 after purchasing an additional 384,171 shares during the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Howmet Aerospace by 332.6% during the 3rd quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock worth $37,095,000 after purchasing an additional 284,487 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HWM. Royal Bank of Canada raised their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Sanford C. Bernstein raised their price objective on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. UBS Group raised their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Barclays raised their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.76.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $133.66 on Friday. Howmet Aerospace Inc. has a one year low of $62.70 and a one year high of $133.92. The company 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 company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The business has a 50-day simple moving average of $118.75 and a 200-day simple moving average of $107.74.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping 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 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a dividend of $0.10 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.30%. Howmet Aerospace’s payout ratio is presently 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.