Cookson Peirce & Co. Inc. Has $31.61 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Cookson Peirce & Co. Inc. lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 288,997 shares of the company’s stock after selling 16,327 shares during the period. Howmet Aerospace makes up about 1.4% of Cookson Peirce & Co. Inc.’s portfolio, making the stock its 24th largest holding. Cookson Peirce & Co. Inc.’s holdings in Howmet Aerospace were worth $31,608,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Howmet Aerospace by 762.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 9,267 shares of the company’s stock valued at $929,000 after purchasing an additional 8,192 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Howmet Aerospace by 45.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 196,248 shares of the company’s stock worth $19,674,000 after buying an additional 61,543 shares in the last quarter. National Pension Service lifted its stake in shares of Howmet Aerospace by 19.0% in the 3rd quarter. National Pension Service now owns 619,076 shares of the company’s stock valued at $62,062,000 after acquiring an additional 98,889 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Howmet Aerospace by 18.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 186,542 shares of the company’s stock valued at $18,701,000 after acquiring an additional 28,856 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Howmet Aerospace by 13.1% during the 3rd quarter. QRG Capital Management Inc. now owns 6,186 shares of the company’s stock valued at $620,000 after acquiring an additional 718 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $126.95 on Wednesday. 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 firm has a market cap of $51.42 billion, a PE ratio of 45.02, a P/E/G ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The stock has a 50-day moving average price of $124.07 and a 200-day moving average price of $111.74.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) 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 analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Howmet Aerospace’s payout ratio is 14.18%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HWM. Royal Bank of Canada raised their target price on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Robert W. Baird lifted their price objective on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Bank of America increased their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. UBS Group upped their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, Susquehanna boosted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $123.28.

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.