Los Angeles Capital Management LLC Has $182.20 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Los Angeles Capital Management LLC grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 20.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,665,924 shares of the company’s stock after purchasing an additional 287,783 shares during the quarter. Howmet Aerospace makes up approximately 0.7% of Los Angeles Capital Management LLC’s holdings, making the stock its 22nd biggest holding. Los Angeles Capital Management LLC’s holdings in Howmet Aerospace were worth $182,202,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Howmet Aerospace by 8.2% in 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 grew its holdings in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock valued at $1,748,378,000 after buying an additional 384,171 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after purchasing an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 purchasing an additional 114,457 shares during the period. Finally, Congress Asset Management Co. grew its stake in Howmet Aerospace by 0.9% during the fourth quarter. Congress Asset Management Co. now owns 1,282,137 shares of the company’s stock valued at $140,227,000 after acquiring an additional 12,026 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $129.48 on Tuesday. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week 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 stock has a market capitalization of $52.44 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 1.92 and a beta of 1.50. The stock’s fifty day simple moving average is $121.51 and its 200 day simple moving average is $110.15.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s payout ratio is presently 14.18%.

Analyst Ratings Changes

Several research analysts have commented on HWM shares. Royal Bank of Canada upped their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays raised their price target on shares of 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 objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their target price 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. Finally, UBS Group lifted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $123.28.

About Howmet Aerospace

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.