Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Lifted by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 14.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,327 shares of the company’s stock after purchasing an additional 18,227 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Howmet Aerospace were worth $15,704,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in shares of Howmet Aerospace by 13.1% during the third quarter. QRG Capital Management Inc. now owns 6,186 shares of the company’s stock worth $620,000 after buying an additional 718 shares in the last quarter. Graypoint LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at about $235,000. Principal Financial Group Inc. boosted its position in Howmet Aerospace by 7.9% during the third quarter. Principal Financial Group Inc. now owns 484,345 shares of the company’s stock worth $48,556,000 after purchasing an additional 35,601 shares during the period. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the third quarter worth $30,000. Finally, Assetmark Inc. raised its stake in Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after purchasing an additional 126 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 0.2 %

Shares of NYSE:HWM opened at $124.70 on Friday. The stock has a fifty day simple moving average of $124.95 and a two-hundred day simple moving average of $112.27. The stock has a market capitalization of $50.51 billion, a price-to-earnings ratio of 44.22, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

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

Howmet Aerospace Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 0.32%. The ex-dividend date 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 currently 14.18%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on HWM shares. Bank of America boosted their price target on Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Barclays boosted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. One investment 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.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.