United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases New Position in Howmet Aerospace Inc. (NYSE:HWM)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 3,000 shares of the company’s stock, valued at approximately $328,000.

Several other large investors have also recently added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. R Squared Ltd acquired a new stake in Howmet Aerospace during the 4th quarter valued at $26,000. Washington Trust Advisors Inc. bought a new position in Howmet Aerospace in the 4th quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace in the fourth quarter worth $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $34,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

Shares of HWM opened at $134.04 on Thursday. The stock has a market cap of $54.29 billion, a P/E ratio of 47.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The stock’s 50-day moving average price is $129.13 and its two-hundred day moving average price is $115.36. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data 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 net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a $0.10 dividend. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HWM. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Morgan Stanley upped their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. Wells Fargo & Company raised 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. JPMorgan Chase & Co. upped 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, The Goldman Sachs Group lifted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $123.28.

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.