Howmet Aerospace Inc. $HWM Shares Purchased by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 62.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,862 shares of the company’s stock after buying an additional 4,170 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Howmet Aerospace were worth $2,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Traub Capital Management LLC acquired a new position in shares of Howmet Aerospace during the second quarter valued at about $25,000. Winnow Wealth LLC purchased a new stake in Howmet Aerospace during the 2nd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. increased its stake in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares in the last quarter. Tradewinds Capital Management LLC increased its stake in Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Howmet Aerospace in the third quarter worth $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HWM shares. TD Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Royal Bank Of Canada increased their price objective on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, October 31st. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Finally, Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $223.44 on Friday. The stock has a market capitalization of $89.84 billion, a price-to-earnings ratio of 62.76, a PEG ratio of 2.11 and a beta of 1.26. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $226.87. The firm’s 50 day simple moving average is $208.52 and its 200-day simple moving average is $196.34. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14.

Howmet Aerospace Dividend Announcement

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

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.