Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its stake in Howmet Aerospace Inc. (NYSE:HWMFree Report) by 70.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,273,290 shares of the company’s stock after acquiring an additional 524,805 shares during the quarter. Los Angeles Capital Management LLC owned about 0.31% of Howmet Aerospace worth $87,131,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HWM. Vanguard Group Inc. increased its position in shares of Howmet Aerospace by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 45,247,674 shares of the company’s stock worth $2,448,804,000 after purchasing an additional 1,274,974 shares during the last quarter. FMR LLC raised its stake in shares of Howmet Aerospace by 21.2% in the 3rd 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 period. JPMorgan Chase & Co. lifted its holdings in shares of Howmet Aerospace by 118.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock worth $612,307,000 after acquiring an additional 7,184,620 shares during the last quarter. Norges Bank purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at $508,006,000. Finally, Invesco Ltd. lifted its stake in Howmet Aerospace by 5.4% during the 3rd quarter. Invesco Ltd. now owns 9,107,293 shares of the company’s stock worth $421,212,000 after acquiring an additional 463,594 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HWM. KeyCorp boosted their price target on shares of Howmet Aerospace from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Benchmark restated a “buy” rating and set a $53.00 target price on shares of Howmet Aerospace in a research note on Friday, April 19th. Truist Financial lifted their price target on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Robert W. Baird increased their price objective on shares of Howmet Aerospace from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada boosted their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.69.

Get Our Latest Research Report on Howmet Aerospace

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 32,614 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the completion of the sale, the executive vice president now owns 217,687 shares in the company, valued at $18,342,306.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.12% of the company’s stock.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded up $0.20 during midday trading on Wednesday, hitting $80.20. 1,974,104 shares of the company’s stock were exchanged, compared to its average volume of 2,229,772. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. The stock has a market cap of $32.74 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 1.47 and a beta of 1.50. Howmet Aerospace Inc. has a 12-month low of $42.94 and a 12-month high of $85.52. The firm’s 50 day simple moving average is $76.80 and its 200 day simple moving average is $65.85.

Howmet Aerospace (NYSE:HWMGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The business’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. Equities research analysts predict that Howmet Aerospace Inc. will post 2.39 EPS for the current year.

Howmet Aerospace Announces Dividend

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

Howmet Aerospace Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWMFree Report).

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

Receive News & Ratings for Howmet Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Howmet Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.