Rothschild Investment LLC Buys 316 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Rothschild Investment LLC increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 61.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 832 shares of the company’s stock after acquiring an additional 316 shares during the quarter. Rothschild Investment LLC’s holdings in Howmet Aerospace were worth $91,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. State Street Corp boosted its stake in Howmet Aerospace by 2.3% in the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after acquiring an additional 384,171 shares during the last quarter. Geode Capital Management LLC boosted its stake in Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock valued at $949,382,000 after acquiring an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Howmet Aerospace by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock valued at $231,101,000 after acquiring an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock valued at $138,159,000 after acquiring an additional 150,387 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Up 1.3 %

Shares of NYSE:HWM opened at $131.93 on Thursday. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company’s fifty day simple moving average is $122.36 and its 200 day simple moving average is $110.57. The firm has a market cap of $53.44 billion, a price-to-earnings ratio of 46.78, a PEG ratio of 1.92 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping 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 business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.30%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s payout ratio is presently 14.18%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HWM shares. Morgan Stanley raised their price objective 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. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Barclays raised their price objective 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. Bank of America lifted their price target on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Finally, Susquehanna lifted their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.