Howmet Aerospace Inc. (NYSE:HWM) Stake Boosted by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,320 shares of the company’s stock after acquiring an additional 3,090 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Howmet Aerospace were worth $4,082,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Quest Partners LLC increased its position in shares of Howmet Aerospace by 94.9% during the 3rd quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock valued at $141,000 after purchasing an additional 684 shares during the period. Cerity Partners LLC boosted its position in shares of Howmet Aerospace by 155.4% in the third quarter. Cerity Partners LLC now owns 55,365 shares of the company’s stock worth $5,550,000 after buying an additional 33,686 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Howmet Aerospace during the 3rd quarter worth about $497,000. Larson Financial Group LLC grew its position in Howmet Aerospace by 99.2% during the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock valued at $52,000 after purchasing an additional 259 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Howmet Aerospace by 4.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 245,943 shares of the company’s stock worth $24,656,000 after purchasing an additional 10,158 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM opened at $129.61 on Friday. The firm has a 50-day moving average price of $129.41 and a 200-day moving average price of $115.73. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month 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 company has a market capitalization of $52.50 billion, a price-to-earnings ratio of 45.96, a PEG ratio of 1.92 and a beta of 1.54.

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

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is presently 14.18%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Truist Financial restated a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley lifted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.