Andra AP fonden Purchases 7,700 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Andra AP fonden increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 14.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,200 shares of the company’s stock after buying an additional 7,700 shares during the period. Andra AP fonden’s holdings in Howmet Aerospace were worth $6,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. RiverPark Advisors LLC acquired a new position in shares of Howmet Aerospace during the 3rd quarter worth $26,000. R Squared Ltd bought a new stake in Howmet Aerospace in the fourth quarter worth $26,000. Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace during the fourth quarter worth $29,000. Hollencrest Capital Management bought a new position in Howmet Aerospace during the third quarter valued at about $30,000. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth about $33,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $124.70 on Friday. The firm has a market capitalization of $50.51 billion, a PE ratio of 44.22, a PEG ratio of 1.92 and a beta of 1.54. 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 Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The business’s 50 day moving average is $124.95 and its 200-day moving average is $112.27.

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 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 firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is 14.18%.

Analysts Set New Price Targets

HWM has been the topic of a number of analyst reports. Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial reiterated a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.