Cookson Peirce & Co. Inc. Has $31.61 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

Cookson Peirce & Co. Inc. trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 288,997 shares of the company’s stock after selling 16,327 shares during the period. Howmet Aerospace accounts for about 1.4% of Cookson Peirce & Co. Inc.’s investment portfolio, making the stock its 24th largest position. Cookson Peirce & Co. Inc. owned approximately 0.07% of Howmet Aerospace worth $31,608,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after acquiring an additional 1,336,592 shares during the period. AustralianSuper Pty Ltd lifted its stake in Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after purchasing an additional 845,941 shares during the period. Geode Capital Management LLC boosted its holdings in Howmet Aerospace by 5.0% during the third 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 in the last quarter. State Street Corp raised its holdings 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 worth $1,748,378,000 after buying an additional 384,171 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Howmet Aerospace by 20.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock worth $182,202,000 after buying an additional 287,783 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HWM has been the subject of several recent analyst reports. Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. UBS Group raised their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Morgan Stanley boosted their price objective 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. Finally, Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Price Performance

NYSE:HWM opened at $126.95 on Wednesday. The company has a market cap of $51.42 billion, a P/E ratio of 45.02, a P/E/G ratio of 1.92 and a beta of 1.50. The firm’s fifty day moving average price is $124.07 and its two-hundred day moving average price is $111.74. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. 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 (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. 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. Howmet Aerospace’s payout ratio is presently 14.18%.

Howmet Aerospace Company 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.