Mn Services Vermogensbeheer B.V. Purchases 6,300 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mn Services Vermogensbeheer B.V. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 156,300 shares of the company’s stock after purchasing an additional 6,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Howmet Aerospace were worth $17,095,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. RiverPark Advisors LLC bought a new stake in Howmet Aerospace during the third quarter valued at about $26,000. R Squared Ltd bought a new stake in Howmet Aerospace during the 4th quarter valued at approximately $26,000. Hollencrest Capital Management purchased a new position in Howmet Aerospace in the 3rd quarter worth approximately $30,000. Global Trust Asset Management LLC bought a new position in Howmet Aerospace in the 4th quarter worth approximately $33,000. Finally, Hanson & Doremus Investment Management purchased a new stake in Howmet Aerospace during the 4th quarter valued at approximately $34,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America boosted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Robert W. Baird increased their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. UBS Group lifted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Trading Up 1.2 %

HWM opened at $133.62 on Friday. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $54.12 billion, a price-to-earnings ratio of 47.38, a PEG ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a fifty day moving average price of $122.85 and a 200-day moving average price of $110.73.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s payout ratio is currently 14.18%.

Howmet Aerospace Company 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.