Zions Bancorporation N.A. Boosts Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Zions Bancorporation N.A. grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 19,312.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,553 shares of the company’s stock after purchasing an additional 1,545 shares during the period. Zions Bancorporation N.A.’s holdings in Howmet Aerospace were worth $170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in HWM. TIAA Trust National Association grew its holdings in shares of Howmet Aerospace by 25.5% during the fourth quarter. TIAA Trust National Association now owns 2,796 shares of the company’s stock worth $306,000 after purchasing an additional 568 shares during the last quarter. Sheets Smith Investment Management purchased a new position in Howmet Aerospace during the 4th quarter worth approximately $1,666,000. Congress Wealth Management LLC DE increased its position in Howmet Aerospace by 1.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 187,458 shares of the company’s stock worth $20,502,000 after buying an additional 3,452 shares during the period. Vanguard Group Inc. lifted its stake in Howmet Aerospace by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock valued at $5,153,220,000 after buying an additional 352,256 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Howmet Aerospace by 7.1% in the fourth quarter. LPL Financial LLC now owns 179,333 shares of the company’s stock valued at $19,614,000 after acquiring an additional 11,868 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of recent research reports. Barclays lifted their target price 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. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Morgan Stanley increased their target price 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. The Goldman Sachs Group boosted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $134.04 on Thursday. The firm has a market capitalization of $54.29 billion, a price-to-earnings ratio of 47.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The business’s 50 day simple moving average is $129.13 and its 200-day simple moving average is $115.36. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM) last posted its earnings results 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 return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. As a group, equities 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 was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. This is an increase 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 dividend payout ratio (DPR) is 14.18%.

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.