AustralianSuper Pty Ltd Acquires 68,122 Shares of Howmet Aerospace Inc. $HWM

AustralianSuper Pty Ltd boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 5.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,247,941 shares of the company’s stock after purchasing an additional 68,122 shares during the quarter. Howmet Aerospace comprises 1.1% of AustralianSuper Pty Ltd’s portfolio, making the stock its 17th largest position. AustralianSuper Pty Ltd owned approximately 0.31% of Howmet Aerospace worth $244,883,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms have weighed in on HWM. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Sanford C. Bernstein reissued an “outperform” rating and set a $247.00 price target on shares of Howmet Aerospace in a research report on Tuesday, January 6th. Susquehanna restated a “positive” rating and issued a $255.00 price objective on shares of Howmet Aerospace in a report on Thursday, January 15th. BTIG Research increased their target price on Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the stock an “overweight” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Stock Performance

HWM stock opened at $210.90 on Thursday. 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 Inc. has a 1 year low of $105.04 and a 1 year high of $226.87. The company has a market cap of $84.79 billion, a P/E ratio of 59.24, a price-to-earnings-growth ratio of 2.04 and a beta of 1.29. The stock’s fifty day moving average price is $207.19 and its 200-day moving average price is $195.12.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data 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 analysts’ expectations of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.Howmet Aerospace’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, equities analysts forecast 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. Stockholders of record on Friday, February 6th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio is 13.48%.

About Howmet Aerospace

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.