Northern Trust Corp Acquires 349,384 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Northern Trust Corp increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,676,908 shares of the company's stock after buying an additional 349,384 shares during the quarter. Northern Trust Corp owned 0.91% of Howmet Aerospace worth $402,143,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several brokerages recently commented on HWM. The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Royal Bank of Canada raised their target price on shares of Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday. Morgan Stanley upped their price target 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. Truist Financial decreased their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $130.17.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded up $6.13 during trading on Friday, reaching $154.16. The company's stock had a trading volume of 3,651,795 shares, compared to its average volume of 2,702,759. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $154.71. The firm has a market cap of $62.35 billion, a PE ratio of 54.67, a P/E/G ratio of 1.92 and a beta of 1.25. The business's 50-day moving average price is $129.01 and its 200-day moving average price is $121.03. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

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

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.26%. Howmet Aerospace's dividend payout ratio is 14.18%.

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.