Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 98.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 610 shares of the company’s stock after acquiring an additional 302 shares during the period. SRS Capital Advisors Inc.’s holdings in Howmet Aerospace were worth $67,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HWM. JPMorgan Chase & Co. grew its position in Howmet Aerospace by 8.2% in 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. AustralianSuper Pty Ltd boosted its position in shares of Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after buying an additional 845,941 shares during the period. Geode Capital Management LLC grew its holdings in Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after buying an additional 453,275 shares in the last quarter. State Street Corp increased its position in Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after acquiring an additional 384,171 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in Howmet Aerospace by 20.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock valued at $182,202,000 after acquiring an additional 287,783 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

Shares of HWM opened at $124.41 on Friday. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a 50-day moving average of $124.68 and a two-hundred day moving average of $111.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a market cap of $50.39 billion, a price-to-earnings ratio of 44.12, a PEG ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Analysts Set New Price Targets

HWM has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Bank of America increased their target price 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. Truist Financial restated a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, UBS Group boosted their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.28.

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.