Caisse Des Depots ET Consignations Invests $967,000 in Howmet Aerospace Inc. (NYSE:HWM)

Caisse Des Depots ET Consignations purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,842 shares of the company’s stock, valued at approximately $967,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $25,000. R Squared Ltd purchased a new position in Howmet Aerospace during the 4th quarter valued at $26,000. Washington Trust Advisors Inc. bought a new position in Howmet Aerospace in the 4th quarter worth $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth about $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $34,000. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on HWM shares. Truist Financial restated a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Barclays upped their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Trading Down 1.1 %

Shares of NYSE:HWM opened at $132.64 on Friday. 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. The company has a market cap of $53.72 billion, a P/E ratio of 47.04, a PEG ratio of 1.92 and a beta of 1.54. The stock’s fifty day moving average price is $129.32 and its 200-day moving average price is $115.48.

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, 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 firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Sell-side analysts expect 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. Shareholders of record on Friday, February 7th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. Howmet Aerospace’s payout ratio is currently 14.18%.

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.