Howmet Aerospace Inc. (NYSE:HWM) Holdings Boosted by NEOS Investment Management LLC

NEOS Investment Management LLC grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 30.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,399 shares of the company’s stock after purchasing an additional 4,973 shares during the period. NEOS Investment Management LLC’s holdings in Howmet Aerospace were worth $2,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. AustralianSuper Pty Ltd boosted its holdings 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 purchasing an additional 845,941 shares during the period. Raymond James Financial Inc. purchased a new position in Howmet Aerospace during the fourth quarter valued at approximately $61,740,000. Sei Investments Co. increased its stake in Howmet Aerospace by 82.4% in the 4th quarter. Sei Investments Co. now owns 1,106,586 shares of the company’s stock valued at $121,026,000 after buying an additional 499,978 shares during the period. Finally, Geode Capital Management LLC lifted its position in Howmet Aerospace by 5.0% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Morgan Stanley lifted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Truist Financial reissued a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays raised their price target 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. Finally, The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Down 2.1 %

Shares of HWM opened at $129.61 on Friday. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The firm has a market capitalization of $52.50 billion, a P/E ratio of 45.96, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a 50-day simple moving average of $129.41 and a 200-day simple moving average of $115.73. 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 (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.88 billion. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is 14.18%.

Howmet Aerospace Company 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.