Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 350.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,977 shares of the company's stock after buying an additional 10,097 shares during the quarter. Itau Unibanco Holding S.A.'s holdings in Howmet Aerospace were worth $1,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec grew its holdings in Howmet Aerospace by 1,010.1% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 321,921 shares of the company's stock valued at $35,208,000 after purchasing an additional 292,921 shares during the period. Freestone Grove Partners LP purchased a new stake in shares of Howmet Aerospace during the 4th quarter valued at $48,847,000. Comerica Bank grew its stake in shares of Howmet Aerospace by 6.5% during the 4th quarter. Comerica Bank now owns 70,603 shares of the company's stock valued at $7,722,000 after buying an additional 4,304 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth $30,000. Finally, Voleon Capital Management LP purchased a new position in shares of Howmet Aerospace in the 4th quarter worth $255,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial lowered their price target on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Benchmark boosted their target price on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price objective 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, Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $130.17.

Howmet Aerospace Stock Up 4.1 %

NYSE HWM traded up $6.13 during mid-day trading on Friday, reaching $154.16. 3,651,795 shares of the company's stock traded hands, compared to its average volume of 2,688,925. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 1-year low of $76.83 and a 1-year high of $154.73. The company has a fifty day simple moving average of $129.01 and a 200-day simple moving average of $121.14. The company has a market cap of $62.35 billion, a price-to-earnings ratio of 54.67, a P/E/G ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.26%. Howmet Aerospace's dividend payout ratio (DPR) is presently 13.03%.

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.