E Fund Management Co. Ltd. Has $999,000 Stake in Howmet Aerospace Inc. (NYSE:HWM)

E Fund Management Co. Ltd. raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 46.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,138 shares of the company’s stock after purchasing an additional 2,914 shares during the period. E Fund Management Co. Ltd.’s holdings in Howmet Aerospace were worth $999,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 8.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after buying an additional 1,336,592 shares in the last quarter. State Street Corp grew its position in shares of Howmet Aerospace by 2.3% during the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after purchasing an additional 384,171 shares in the last quarter. Geode Capital Management LLC grew its position in Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after acquiring an additional 453,275 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Howmet Aerospace by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,351,189 shares of the company’s stock worth $257,150,000 after acquiring an additional 45,940 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its position in Howmet Aerospace by 20.9% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock worth $182,202,000 after acquiring an additional 287,783 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.2 %

NYSE:HWM opened at $124.70 on Friday. The company’s 50 day moving average price is $124.95 and its 200-day moving average price is $112.16. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock has a market cap of $50.51 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company 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%. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Bank of America boosted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Barclays boosted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group boosted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average price target of $123.28.

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.