Counterpoint Mutual Funds LLC Grows Position in Howmet Aerospace Inc. (NYSE:HWM)

Counterpoint Mutual Funds LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 17.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,991 shares of the company’s stock after buying an additional 449 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Howmet Aerospace were worth $327,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Howmet Aerospace by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. State Street Corp grew its stake in shares of 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 purchasing an additional 384,171 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Howmet Aerospace by 5.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after purchasing an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Howmet Aerospace by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,351,189 shares of the company’s stock valued at $257,150,000 after purchasing an additional 45,940 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of Howmet Aerospace by 20.9% in 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 purchasing an additional 287,783 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HWM shares. Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial reissued a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $129.28 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock has a fifty day moving average of $126.72 and a two-hundred day moving average of $113.60. The company has a market capitalization of $52.36 billion, a price-to-earnings ratio of 45.84, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results 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 company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal 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 $0.10 dividend. 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 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 14.18%.

Howmet Aerospace 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.