Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 280,455 shares of the company's stock after buying an additional 16,625 shares during the quarter. Stifel Financial Corp owned 0.07% of Howmet Aerospace worth $30,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Norges Bank acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $1,001,558,000. JPMorgan Chase & Co. increased its holdings in shares of Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after purchasing an additional 2,486,649 shares during the period. Winslow Capital Management LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $265,844,000. AustralianSuper Pty Ltd lifted its holdings in shares of Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after purchasing an additional 845,941 shares during the period. Finally, Capital World Investors boosted its position in Howmet Aerospace by 13.3% in the fourth quarter. Capital World Investors now owns 4,855,273 shares of the company's stock valued at $531,021,000 after buying an additional 570,567 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on HWM shares. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Truist Financial cut their price target on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.06.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded up $0.60 during trading on Wednesday, reaching $138.10. The company had a trading volume of 591,287 shares, compared to its average volume of 2,721,580. Howmet Aerospace Inc. has a fifty-two week low of $66.37 and a fifty-two week high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock's fifty day moving average price is $127.99 and its 200 day moving average price is $120.24. The firm has a market capitalization of $55.86 billion, a price-to-earnings ratio of 48.98, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio is presently 14.18%.

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.