Charles Schwab Investment Management Inc. Has $305.69 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Howmet Aerospace by 0.2% during the first quarter, owning 2,356,317 shares valued at approximately $305.69 million.
• Howmet Aerospace recently increased its quarterly dividend to $0.12 per share from $0.10, which represents an annualized dividend of $0.48 and a dividend yield of 0.3%.
• A number of analysts have raised their price targets for Howmet Aerospace, with Morgan Stanley now targeting $210 and Benchmark setting a target of $135, indicating a bullish outlook on the stock's performance.

Charles Schwab Investment Management Inc. raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,356,317 shares of the company's stock after acquiring an additional 5,128 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.58% of Howmet Aerospace worth $305,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in Howmet Aerospace during the 4th quarter valued at about $25,000. Hemington Wealth Management grew its stake in Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after acquiring an additional 81 shares in the last quarter. GPS Wealth Strategies Group LLC grew its stake in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Howmet Aerospace by 100.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Wall Street Zen raised Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. BTIG Research set a $205.00 price target on Howmet Aerospace and gave the company a "buy" rating in a research note on Monday, August 4th. Benchmark boosted their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, Susquehanna boosted their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded down $6.75 during trading hours on Wednesday, reaching $174.15. 1,459,869 shares of the company were exchanged, compared to its average volume of 3,042,690. The firm has a market cap of $70.21 billion, a price-to-earnings ratio of 50.93, a PEG ratio of 2.30 and a beta of 1.48. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $179.84 and a 200 day moving average of $151.99. Howmet Aerospace Inc. has a 12 month low of $90.71 and a 12 month high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the company earned $0.67 earnings per share. The company's quarterly revenue was up 9.2% compared to the same quarter last year. As a group, research analysts anticipate 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 will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 8th. Howmet Aerospace's dividend payout ratio is presently 14.04%.

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.