UniSuper Management Pty Ltd Purchases 3,066 Shares of Howmet Aerospace Inc. (NYSE:HWM)

UniSuper Management Pty Ltd increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.3% in the fourth quarter, HoldingsChannel reports. The firm owned 32,737 shares of the company’s stock after purchasing an additional 3,066 shares during the period. UniSuper Management Pty Ltd’s holdings in Howmet Aerospace were worth $3,580,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth approximately $25,000. R Squared Ltd bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace during the 4th quarter valued at $29,000. Global Trust Asset Management LLC bought a new position in Howmet Aerospace in the 4th quarter valued at $33,000. Finally, Hanson & Doremus Investment Management bought a new position in Howmet Aerospace in the 4th quarter valued at $34,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Down 2.1 %

NYSE HWM opened at $129.61 on Friday. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a 50-day simple moving average of $129.41 and a 200 day simple moving average of $115.73. 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 company has a market capitalization of $52.50 billion, a PE ratio of 45.96, a P/E/G ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last released 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. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Research analysts forecast 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. Investors of record on Friday, February 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analyst Weigh In

HWM has been the topic of several research analyst 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 report on Friday, February 14th. Morgan Stanley increased their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

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.