National Pension Service Increases Stock Position in Howmet Aerospace Inc. $HWM

National Pension Service raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 7.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,308,159 shares of the company’s stock after buying an additional 93,717 shares during the period. National Pension Service’s holdings in Howmet Aerospace were worth $256,700,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after purchasing an additional 130 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Howmet Aerospace in the first quarter valued at approximately $399,000. Sivia Capital Partners LLC purchased a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $216,000. Janney Montgomery Scott LLC raised its stake in shares of Howmet Aerospace by 9.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 66,963 shares of the company’s stock worth $12,464,000 after buying an additional 6,013 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Howmet Aerospace by 4.5% during the 2nd quarter. Truist Financial Corp now owns 63,180 shares of the company’s stock valued at $11,760,000 after buying an additional 2,734 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $208.12 on Friday. The firm has a 50-day simple moving average of $207.62 and a 200-day simple moving average of $195.38. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $83.68 billion, a price-to-earnings ratio of 58.46, a price-to-earnings-growth ratio of 1.98 and a beta of 1.29. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $226.87.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the company earned $0.81 EPS. Howmet Aerospace’s revenue was up 13.8% compared to the same quarter last year. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.48%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HWM. Sanford C. Bernstein reissued an “outperform” rating and issued a $247.00 price target on shares of Howmet Aerospace in a research note on Tuesday, January 6th. Royal Bank Of Canada increased their price objective on shares of Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research note on Thursday, January 22nd. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.