Jupiter Asset Management Ltd. Increases Position in Howmet Aerospace Inc. (NYSE:HWM)

Jupiter Asset Management Ltd. lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 735,089 shares of the company’s stock after buying an additional 75,376 shares during the period. Howmet Aerospace makes up approximately 0.8% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 21st biggest holding. Jupiter Asset Management Ltd. owned 0.18% of Howmet Aerospace worth $80,397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HWM. RiverPark Advisors LLC purchased a new position in Howmet Aerospace in the third quarter valued at approximately $26,000. R Squared Ltd purchased a new position in Howmet Aerospace in the fourth quarter valued at approximately $26,000. Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC purchased a new position in Howmet Aerospace in the fourth quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HWM has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Bank of America upped their price target 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. Truist Financial reissued a “buy” rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Price Performance

Shares of HWM opened at $125.39 on Wednesday. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The firm has a fifty day simple moving average of $125.51 and a two-hundred day simple moving average of $112.77. 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 $50.79 billion, a PE ratio of 44.47, a P/E/G ratio of 1.92 and a beta of 1.54.

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

Howmet Aerospace Increases Dividend

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

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.