DnB Asset Management AS Has $11.15 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

DnB Asset Management AS increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 2.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 101,899 shares of the company’s stock after acquiring an additional 2,342 shares during the quarter. DnB Asset Management AS’s holdings in Howmet Aerospace were worth $11,145,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Truist Financial restated 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. Morgan Stanley boosted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Down 2.1 %

Shares of NYSE HWM opened at $129.61 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The stock has a market capitalization of $52.50 billion, a P/E ratio of 45.96, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a 50-day moving average price of $129.41 and a 200-day moving average price of $115.89.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal 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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. 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.