National Pension Service Purchases 93,717 Shares of Howmet Aerospace Inc. $HWM

National Pension Service boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,308,159 shares of the company’s stock after acquiring an additional 93,717 shares during the period. National Pension Service owned 0.32% of Howmet Aerospace worth $256,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Howmet Aerospace in the 2nd quarter worth $1,633,157,000. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 30.1% in the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after buying an additional 7,356,077 shares during the last quarter. American Century Companies Inc. boosted its holdings in Howmet Aerospace by 51.8% in the second quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock worth $676,769,000 after acquiring an additional 1,240,071 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Howmet Aerospace by 1,340.2% during the second quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock worth $163,137,000 after acquiring an additional 819,040 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its stake in shares of Howmet Aerospace by 68.8% during the second quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock worth $356,617,000 after acquiring an additional 780,896 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 0.4%

NYSE HWM opened at $208.12 on Friday. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $226.87. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The company has a market capitalization of $83.68 billion, a PE ratio of 58.46, a P/E/G ratio of 1.98 and a beta of 1.29. The company has a fifty day moving average of $207.62 and a 200 day moving average of $195.38.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue was up 13.8% on a year-over-year basis. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s payout ratio is presently 13.48%.

Analysts Set New Price Targets

A number of research firms recently commented on HWM. BTIG Research lifted their target price on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a report on Monday, November 3rd. Bank of America boosted their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 14th. UBS Group raised their target price on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the stock an “overweight” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $224.53.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.