PGGM Investments Increases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

PGGM Investments raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,161 shares of the company’s stock after purchasing an additional 8,675 shares during the quarter. PGGM Investments’ holdings in Howmet Aerospace were worth $12,048,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake 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 valued at $1,775,578,000 after purchasing an additional 1,336,592 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in Howmet Aerospace by 1,000.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after buying an additional 845,941 shares during the period. Raymond James Financial Inc. bought a new stake in Howmet Aerospace during the 4th quarter valued at approximately $61,740,000. Geode Capital Management LLC grew its holdings in shares of Howmet Aerospace by 5.0% during the 3rd 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 during the period. Finally, State Street Corp raised its position in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after acquiring an additional 384,171 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 2.0 %

Howmet Aerospace stock opened at $127.97 on Thursday. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The stock has a fifty day simple moving average of $125.88 and a two-hundred day simple moving average of $112.87. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $51.83 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Bank of America lifted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. 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 report on Wednesday, February 19th. The Goldman Sachs Group increased 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. 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. Finally, Truist Financial restated a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and an average 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.