Groupama Asset Managment Buys 9,823 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Groupama Asset Managment raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 104.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,254 shares of the company’s stock after buying an additional 9,823 shares during the quarter. Groupama Asset Managment’s holdings in Howmet Aerospace were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace in the 4th quarter valued at approximately $25,000. Meeder Asset Management Inc. raised its holdings in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after purchasing an additional 154 shares during the period. R Squared Ltd bought a new position in shares of Howmet Aerospace during the fourth quarter worth $26,000. Washington Trust Advisors Inc. acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $29,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter valued at $33,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on HWM. Wells Fargo & Company raised their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Morgan Stanley raised their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. One research 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Price Performance

NYSE:HWM opened at $133.89 on Thursday. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a market cap of $54.23 billion, a P/E ratio of 47.48, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock’s 50-day simple moving average is $129.74 and its 200 day simple moving average is $116.67.

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 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 firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. This is a positive change 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 is 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.