Mediolanum International Funds Ltd Buys 11,783 Shares of Howmet Aerospace Inc. $HWM

Mediolanum International Funds Ltd grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.6% during the third quarter, Holdings Channel.com reports. The fund owned 134,748 shares of the company’s stock after purchasing an additional 11,783 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Howmet Aerospace were worth $25,861,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Howmet Aerospace by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock worth $9,022,725,000 after purchasing an additional 662,132 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after buying an additional 7,356,077 shares in the last quarter. State Street Corp boosted its stake in shares of Howmet Aerospace by 1.2% in the 2nd quarter. State Street Corp now owns 17,686,075 shares of the company’s stock worth $3,291,909,000 after buying an additional 205,424 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Howmet Aerospace by 7.0% in the second quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock valued at $2,032,221,000 after acquiring an additional 719,888 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $1,633,157,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

NYSE HWM opened at $208.12 on Friday. The company has a market cap of $83.68 billion, a PE ratio of 58.46, a price-to-earnings-growth ratio of 1.98 and a beta of 1.29. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $226.87. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $207.62 and its two-hundred day simple moving average is $195.45.

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

Howmet Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

HWM has been the topic of several research analyst reports. Susquehanna reissued a “positive” rating and issued a $255.00 price objective on shares of Howmet Aerospace in a research report on Thursday, January 15th. BNP Paribas Exane assumed coverage on shares of Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price target on the stock. Truist Financial set a $258.00 price target on shares of Howmet Aerospace in a research report on Friday, January 9th. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Profile

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.