Los Angeles Capital Management LLC Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Los Angeles Capital Management LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 748,485 shares of the company's stock, valued at approximately $40,508,000. Los Angeles Capital Management LLC owned 0.18% of Howmet Aerospace as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of HWM. Massachusetts Financial Services Co. MA boosted its holdings in Howmet Aerospace by 4.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company's stock worth $1,087,216,000 after buying an additional 897,463 shares during the period. FMR LLC boosted its position in shares of Howmet Aerospace by 21.2% during the 3rd quarter. FMR LLC now owns 15,086,149 shares of the company's stock valued at $697,734,000 after acquiring an additional 2,635,894 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Howmet Aerospace by 118.7% in the third quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company's stock valued at $612,307,000 after purchasing an additional 7,184,620 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Howmet Aerospace by 5.4% in the third quarter. Invesco Ltd. now owns 9,107,293 shares of the company's stock valued at $421,212,000 after purchasing an additional 463,594 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Howmet Aerospace by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 5,974,767 shares of the company's stock worth $276,333,000 after purchasing an additional 107,718 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 2.3 %

Shares of NYSE HWM traded up $1.78 during mid-day trading on Friday, reaching $78.88. The company had a trading volume of 6,147,895 shares, compared to its average volume of 3,471,711. The stock has a market cap of $32.21 billion, a price-to-earnings ratio of 43.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.41. Howmet Aerospace Inc. has a 52 week low of $42.17 and a 52 week high of $79.47. The business's 50-day moving average is $66.44 and its 200-day moving average is $57.73. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.05. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The business had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm earned $0.42 EPS. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts expect that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Thursday, May 9th. Howmet Aerospace's dividend payout ratio is 10.93%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays lifted their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 20th. Truist Financial upped their price objective on Howmet Aerospace from $74.00 to $88.00 and gave the company a "buy" rating in a research report on Friday. Sanford C. Bernstein assumed coverage on Howmet Aerospace in a report on Friday, January 5th. They issued an "outperform" rating and a $67.00 target price for the company. The Goldman Sachs Group increased their price target on Howmet Aerospace from $77.00 to $87.00 and gave the company a "buy" rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 14th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $69.77.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the sale, the executive vice president now directly owns 229,568 shares in the company, valued at $15,482,065.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.12% of the company's stock.

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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