Keybank National Association OH Purchases 585 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Keybank National Association OH boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 8.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,350 shares of the company’s stock after buying an additional 585 shares during the quarter. Keybank National Association OH’s holdings in Howmet Aerospace were worth $804,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HWM. 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 worth $1,775,578,000 after buying an additional 1,336,592 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after buying an additional 845,941 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 buying an additional 453,275 shares during the last quarter. State Street Corp grew its stake 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 worth $1,748,378,000 after buying an additional 384,171 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in shares of Howmet Aerospace by 20.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock worth $182,202,000 after buying an additional 287,783 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group boosted their target price 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. Bank of America boosted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 13th. Finally, Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $123.28.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $124.70 on Friday. The firm has a market capitalization of $50.51 billion, a P/E ratio of 44.22, a P/E/G ratio of 1.92 and a beta of 1.54. The firm’s 50-day moving average price is $124.95 and its 200-day moving average price is $112.27. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.88 billion. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.10 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.32%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

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.