Elo Mutual Pension Insurance Co Raises Stake in Howmet Aerospace Inc. (NYSE:HWM)

Elo Mutual Pension Insurance Co grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,320 shares of the company’s stock after acquiring an additional 3,090 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Howmet Aerospace were worth $4,082,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock valued at $101,772,000 after buying an additional 845,941 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Howmet Aerospace in the 4th quarter worth approximately $61,740,000. Sei Investments Co. raised its holdings in Howmet Aerospace by 82.4% during the 4th quarter. Sei Investments Co. now owns 1,106,586 shares of the company’s stock valued at $121,026,000 after buying an additional 499,978 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after acquiring an additional 453,275 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Down 2.1 %

HWM stock opened at $129.61 on Friday. The firm’s fifty day simple moving average is $129.41 and its two-hundred day simple moving average is $115.73. The stock has a market capitalization of $52.50 billion, a price-to-earnings 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 twelve month low of $62.80 and a twelve month high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced 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. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. As a group, analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HWM shares. Morgan Stanley boosted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. Truist Financial reiterated a “buy” rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Barclays lifted 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. Finally, The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.