PGGM Investments Has $8.07 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

PGGM Investments increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,155 shares of the company’s stock after purchasing an additional 2,275 shares during the quarter. PGGM Investments’ holdings in Howmet Aerospace were worth $8,072,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Massachusetts Financial Services Co. MA grew its stake in shares of Howmet Aerospace by 4.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock worth $1,087,216,000 after purchasing an additional 897,463 shares during the last quarter. FMR LLC grew its stake in shares of Howmet Aerospace by 21.2% in the third quarter. FMR LLC now owns 15,086,149 shares of the company’s stock worth $697,734,000 after purchasing an additional 2,635,894 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Howmet Aerospace by 118.7% in the third quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock worth $612,307,000 after purchasing an additional 7,184,620 shares during the last quarter. Invesco Ltd. grew its stake in shares of Howmet Aerospace by 5.4% in the third quarter. Invesco Ltd. now owns 9,107,293 shares of the company’s stock worth $421,212,000 after purchasing an additional 463,594 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Howmet Aerospace by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 5,974,767 shares of the company’s stock worth $276,333,000 after purchasing an additional 107,718 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 2.5 %

Shares of HWM traded up $1.60 on Friday, reaching $66.40. The company’s stock had a trading volume of 4,071,656 shares, compared to its average volume of 2,984,682. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. Howmet Aerospace Inc. has a twelve month low of $42.17 and a twelve month high of $69.55. The stock has a market capitalization of $27.12 billion, a PE ratio of 36.28, a PEG ratio of 1.73 and a beta of 1.43. The firm has a fifty day moving average of $65.97 and a 200-day moving average of $57.15.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The firm’s revenue was up 14.4% compared to the same quarter last year. Equities analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. Howmet Aerospace’s dividend payout ratio is currently 10.93%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several analyst reports. Royal Bank of Canada started coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They issued an “outperform” rating and a $75.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $53.00 price target on shares of Howmet Aerospace in a research report on Friday, April 19th. Barclays upped their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, February 20th. KeyCorp upped their price objective on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, February 21st. Finally, Truist Financial upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating and upped their price objective for the company from $47.00 to $74.00 in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.12% of the company’s stock.

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.