Vontobel Holding Ltd. Acquires 346 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Vontobel Holding Ltd. raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,222 shares of the company’s stock after acquiring an additional 346 shares during the quarter. Vontobel Holding Ltd.’s holdings in Howmet Aerospace were worth $462,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Howmet Aerospace by 8.2% in the 3rd 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. Assenagon Asset Management S.A. increased its holdings in shares of Howmet Aerospace by 695.6% during the third quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock valued at $55,941,000 after acquiring an additional 487,880 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $949,382,000 after acquiring an additional 453,275 shares in the last quarter. State Street Corp raised its position in shares of Howmet Aerospace by 2.3% in the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after purchasing an additional 384,171 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of Howmet Aerospace by 332.6% in the 3rd quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock worth $37,095,000 after purchasing an additional 284,487 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HWM has been the subject of several recent analyst reports. UBS Group lifted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. One research 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. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $138.16 on Friday. The business’s fifty day moving average price is $120.86 and its two-hundred day moving average price is $109.29. The stock has a market cap of $55.96 billion, a PE ratio of 48.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued 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. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, analysts forecast that Howmet Aerospace Inc. will post 3.24 EPS 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 paid a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. 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 0.29%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 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.