Royal London Asset Management Ltd. Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Royal London Asset Management Ltd. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,886 shares of the company’s stock after acquiring an additional 5,637 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Howmet Aerospace were worth $17,924,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HWM. Quest Partners LLC boosted its stake in shares of Howmet Aerospace by 94.9% during the 3rd quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock worth $141,000 after acquiring an additional 684 shares in the last quarter. Pathstone Holdings LLC boosted its stake in shares of Howmet Aerospace by 4.2% during the 3rd quarter. Pathstone Holdings LLC now owns 48,476 shares of the company’s stock worth $4,860,000 after acquiring an additional 1,940 shares in the last quarter. Caprock Group LLC boosted its stake in shares of Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after acquiring an additional 106 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Howmet Aerospace during the 3rd quarter worth about $835,000. Finally, PNC Financial Services Group Inc. lifted its stake in Howmet Aerospace by 26.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 61,894 shares of the company’s stock valued at $6,205,000 after buying an additional 13,022 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Down 0.7 %

Shares of NYSE HWM opened at $130.70 on Friday. The company has a 50 day simple moving average of $128.09 and a 200-day simple moving average of $114.31. The company has a market capitalization of $52.94 billion, a P/E ratio of 46.35, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55.

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

Howmet Aerospace Increases Dividend

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

Analysts Set New Price Targets

HWM has been the topic of a number of research reports. Wells Fargo & Company raised their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of 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 company’s stock. According to MarketBeat, the company 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.