Axa S.A. Increases Stake in Howmet Aerospace Inc. (NYSE:HWM)

Axa S.A. raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 189.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,640 shares of the company's stock after purchasing an additional 23,342 shares during the quarter. Axa S.A.'s holdings in Howmet Aerospace were worth $3,898,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $25,000. Meeder Asset Management Inc. grew its holdings in Howmet Aerospace by 208.1% during the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace during the fourth quarter valued at about $25,000. R Squared Ltd purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth about $26,000. Finally, Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $29,000. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. UBS Group increased their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley raised their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average target price of $132.53.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $157.25 on Thursday. The stock has a market capitalization of $63.60 billion, a price-to-earnings ratio of 55.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The company has a fifty day moving average of $130.32 and a 200-day moving average of $122.07. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $159.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company's revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.25%. Howmet Aerospace's dividend payout ratio (DPR) is currently 13.03%.

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.

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