Blair William & Co. IL Acquires 40,516 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Blair William & Co. IL grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 125.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 72,895 shares of the company’s stock after acquiring an additional 40,516 shares during the period. Blair William & Co. IL’s holdings in Howmet Aerospace were worth $7,973,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Larson Financial Group LLC boosted its holdings in Howmet Aerospace by 99.2% in the third quarter. Larson Financial Group LLC now owns 520 shares of the company’s stock worth $52,000 after purchasing an additional 259 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Howmet Aerospace by 4.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 245,943 shares of the company’s stock valued at $24,656,000 after acquiring an additional 10,158 shares during the last quarter. Townsquare Capital LLC bought a new position in shares of Howmet Aerospace in the 3rd quarter valued at approximately $292,000. Glenmede Trust Co. NA lifted its holdings in Howmet Aerospace by 2.4% in the 3rd quarter. Glenmede Trust Co. NA now owns 8,353 shares of the company’s stock worth $837,000 after purchasing an additional 199 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new stake in Howmet Aerospace during the third quarter worth approximately $251,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

HWM has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective 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. Morgan Stanley upped 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. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $129.61 on Friday. The firm has a market capitalization of $52.50 billion, a PE ratio of 45.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The firm has a 50-day moving average price of $129.41 and a 200 day moving average price of $115.89.

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, topping analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during 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%. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 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.