Gerber LLC Takes $201,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Gerber LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,834 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased 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 valued at $1,775,578,000 after acquiring an additional 1,336,592 shares during 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 valued at $101,772,000 after buying an additional 845,941 shares during the period. Raymond James Financial Inc. acquired a new position in Howmet Aerospace in the fourth quarter valued at $61,740,000. Geode Capital Management LLC raised its holdings 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 purchasing an additional 453,275 shares during the period. Finally, State Street Corp raised its holdings in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after purchasing an additional 384,171 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 $127.97 on Thursday. The company has a fifty day simple moving average of $125.88 and a 200-day simple moving average of $112.87. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. 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 firm has a market capitalization 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 announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating 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 company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, equities analysts anticipate 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 represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend was Friday, February 7th. 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%.

Analyst Ratings Changes

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