LGT Group Foundation Has $3.44 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

LGT Group Foundation reduced its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 42.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,446 shares of the company’s stock after selling 23,322 shares during the period. LGT Group Foundation’s holdings in Howmet Aerospace were worth $3,439,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HWM. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 1,336,592 shares during the period. AustralianSuper Pty Ltd grew its holdings in Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after acquiring an additional 845,941 shares during the period. Geode Capital Management LLC grew its holdings in 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. State Street Corp grew its holdings in Howmet Aerospace by 2.3% during 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 during the period. Finally, Los Angeles Capital Management LLC grew its stake in shares of Howmet Aerospace by 20.9% in the 4th quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock valued at $182,202,000 after buying an additional 287,783 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $131.04 on Tuesday. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The company’s 50 day moving average price is $123.77 and its two-hundred day moving average price is $111.52. 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 $53.07 billion, a P/E ratio of 46.47, a P/E/G ratio of 1.92 and a beta of 1.50.

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

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.18%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HWM shares. The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Robert W. Baird raised their target price on Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Truist Financial restated a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Susquehanna raised their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.28.

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.