AustralianSuper Pty Ltd Raises Position in Howmet Aerospace Inc. $HWM

AustralianSuper Pty Ltd grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.8% in the third quarter, HoldingsChannel reports. The fund owned 1,247,941 shares of the company’s stock after purchasing an additional 68,122 shares during the quarter. Howmet Aerospace makes up about 1.1% of AustralianSuper Pty Ltd’s portfolio, making the stock its 17th largest holding. AustralianSuper Pty Ltd’s holdings in Howmet Aerospace were worth $244,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Traub Capital Management LLC bought a new stake in Howmet Aerospace during the second quarter valued at about $25,000. Winnow Wealth LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $25,000. Newbridge Financial Services Group Inc. lifted its position in shares of 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 buying an additional 73 shares in the last quarter. Tradewinds Capital Management LLC grew its stake in shares of 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 acquiring an additional 52 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new stake in Howmet Aerospace in the 3rd quarter worth approximately $32,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Down 2.2%

Shares of Howmet Aerospace stock opened at $210.90 on Thursday. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month 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 business has a 50-day moving average price of $207.19 and a 200-day moving average price of $195.12. The firm has a market cap of $84.79 billion, a price-to-earnings ratio of 59.24, a PEG ratio of 2.04 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The firm’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.81 earnings per share. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. TD Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Royal Bank Of Canada upped their target price on shares of Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Citigroup raised their price target on Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a research report on Monday, November 3rd. Finally, JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. One 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 company. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average target price 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.