DSM Capital Partners LLC Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

DSM Capital Partners LLC lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 21.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,011,961 shares of the company’s stock after buying an additional 175,409 shares during the period. Howmet Aerospace makes up 1.7% of DSM Capital Partners LLC’s holdings, making the stock its 18th biggest position. DSM Capital Partners LLC owned 0.25% of Howmet Aerospace worth $110,678,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Brooklyn Investment Group lifted its stake in shares of Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after buying an additional 97 shares in the last quarter. Guyasuta Investment Advisors Inc. lifted its stake in shares of Howmet Aerospace by 1.4% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after buying an additional 104 shares in the last quarter. Caprock Group LLC lifted its stake in shares of Howmet Aerospace by 1.0% in the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after buying an additional 106 shares in the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Howmet Aerospace by 4.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock worth $318,000 after buying an additional 115 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Howmet Aerospace by 18.7% in the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock worth $81,000 after buying an additional 117 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 2.4 %

Shares of HWM stock opened at $136.62 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. The stock has a market capitalization of $55.50 billion, a P/E ratio of 52.14, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The company has a 50 day moving average price of $119.90 and a 200 day moving average price of $108.88. Howmet Aerospace Inc. has a fifty-two week low of $62.70 and a fifty-two week high of $137.41.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. Equities research analysts predict that Howmet Aerospace Inc. will post 2.66 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is 12.21%.

Analyst Upgrades and Downgrades

HWM has been the topic of several research reports. UBS Group raised their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday. Susquehanna raised their price objective 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. Barclays raised their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Wells Fargo & Company raised their price objective 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.41.

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.