E Fund Management Co. Ltd. Has $265,000 Stake in Howmet Aerospace Inc. (NYSE:HWM)

E Fund Management Co. Ltd. lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 77.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,041 shares of the company’s stock after selling 7,097 shares during the period. E Fund Management Co. Ltd.’s holdings in Howmet Aerospace were worth $265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HWM. Brighton Jones LLC boosted its stake in shares of Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after buying an additional 130 shares during the last quarter. Townsquare Capital LLC lifted its stake in Howmet Aerospace by 6.7% in the fourth quarter. Townsquare Capital LLC now owns 3,108 shares of the company’s stock valued at $340,000 after purchasing an additional 195 shares during the last quarter. Mariner LLC lifted its stake in Howmet Aerospace by 6.7% in the fourth quarter. Mariner LLC now owns 53,817 shares of the company’s stock valued at $5,886,000 after purchasing an additional 3,361 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in Howmet Aerospace by 177.7% in the fourth quarter. CreativeOne Wealth LLC now owns 6,964 shares of the company’s stock valued at $762,000 after purchasing an additional 4,456 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Howmet Aerospace by 162.2% in the fourth quarter. Guggenheim Capital LLC now owns 14,639 shares of the company’s stock valued at $1,601,000 after purchasing an additional 9,055 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Barclays reiterated an “overweight” rating and issued a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Morgan Stanley upped their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company an “overweight” rating in a research note on Thursday, July 17th. Bank of America upped their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Benchmark upped their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, April 21st. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $172.13.

Howmet Aerospace Trading Down 0.4%

Howmet Aerospace stock opened at $176.17 on Friday. The stock has a market cap of $71.02 billion, a P/E ratio of 51.51, a PEG ratio of 2.29 and a beta of 1.48. Howmet Aerospace Inc. has a fifty-two week low of $90.71 and a fifty-two week high of $193.26. The firm’s fifty day moving average price is $179.92 and its 200-day moving average price is $152.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.67 earnings per share. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.04%.

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.