Generali Asset Management SPA SGR Invests $3.84 Million in Howmet Aerospace Inc. (NYSE:HWM)

Generali Asset Management SPA SGR acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,078 shares of the company’s stock, valued at approximately $3,836,000.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA grew its stake in shares of Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company’s stock worth $45,000 after acquiring an additional 89 shares in the last quarter. O Neil Global Advisors Inc. increased its holdings in Howmet Aerospace by 0.5% during the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock worth $2,136,000 after purchasing an additional 90 shares during the period. Brooklyn Investment Group raised its position in Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock valued at $183,000 after purchasing an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC boosted its stake in shares of Howmet Aerospace by 0.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock valued at $1,644,000 after buying an additional 100 shares during the period. Finally, Guyasuta Investment Advisors Inc. grew its position in shares of Howmet Aerospace by 1.4% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after buying an additional 104 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HWM has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Barclays lifted their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Wells Fargo & Company raised their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Finally, Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. 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 company. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Down 0.7 %

Shares of Howmet Aerospace stock opened at $128.32 on Wednesday. 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 company has a market capitalization of $51.97 billion, a P/E ratio of 45.50, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The company’s fifty day moving average is $127.06 and its two-hundred day moving average is $113.83.

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

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s payout ratio is currently 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.