Howmet Aerospace Inc. (NYSE:HWM) Position Boosted by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lifted its position in Howmet Aerospace Inc. (NYSE:HWM) by 267.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 463 shares of the company’s stock after acquiring an additional 337 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Howmet Aerospace were worth $51,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. DnB Asset Management AS grew its position in shares of Howmet Aerospace by 2.4% during the 4th quarter. DnB Asset Management AS now owns 101,899 shares of the company’s stock valued at $11,145,000 after buying an additional 2,342 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Howmet Aerospace by 0.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 113,055 shares of the company’s stock valued at $12,365,000 after purchasing an additional 573 shares during the last quarter. Norges Bank acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $1,001,558,000. Caisse Des Depots ET Consignations bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $967,000. Finally, Blair William & Co. IL boosted its position in Howmet Aerospace by 125.1% during the 4th quarter. Blair William & Co. IL now owns 72,895 shares of the company’s stock valued at $7,973,000 after purchasing an additional 40,516 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.6 %

Shares of NYSE:HWM opened at $133.89 on Thursday. 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 has a market capitalization of $54.23 billion, a price-to-earnings ratio of 47.48, a PEG 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 company has a 50 day moving average price of $129.74 and a 200 day moving average price of $116.67.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. On average, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced 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 dividend yield of 0.30%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HWM. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group lifted their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Barclays boosted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Truist Financial restated 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. Finally, JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. One research 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.