Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 6.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 196,392 shares of the company’s stock after purchasing an additional 12,011 shares during the quarter. Russell Investments Group Ltd.’s holdings in Howmet Aerospace were worth $10,629,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Howmet Aerospace by 4.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock valued at $1,087,216,000 after acquiring an additional 897,463 shares during the last quarter. FMR LLC raised its holdings in shares of Howmet Aerospace by 21.2% during the third quarter. FMR LLC now owns 15,086,149 shares of the company’s stock valued at $697,734,000 after acquiring an additional 2,635,894 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Howmet Aerospace by 118.7% during the third quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock valued at $612,307,000 after acquiring an additional 7,184,620 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Howmet Aerospace by 5.4% during the third quarter. Invesco Ltd. now owns 9,107,293 shares of the company’s stock valued at $421,212,000 after acquiring an additional 463,594 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Howmet Aerospace by 8.2% during the third quarter. Northern Trust Corp now owns 3,718,495 shares of the company’s stock valued at $171,980,000 after acquiring an additional 283,061 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HWM. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. KeyCorp increased their price target on Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Royal Bank of Canada increased their price target on Howmet Aerospace from $75.00 to $90.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird increased their price target on Howmet Aerospace from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Friday. Finally, UBS Group increased their price target on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $69.77.

Howmet Aerospace Trading Up 2.3 %

Shares of Howmet Aerospace stock opened at $78.89 on Monday. The firm has a market capitalization of $32.22 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 1.91 and a beta of 1.41. Howmet Aerospace Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $79.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 1.97. The stock has a 50 day moving average of $66.70 and a 200 day moving average of $58.16.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, research analysts predict that Howmet Aerospace Inc. will post 2.37 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. Howmet Aerospace’s dividend payout ratio is currently 9.66%.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the transaction, the executive vice president now directly owns 229,568 shares in the company, valued at $15,482,065.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.12% of the company’s stock.

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.