Caisse Des Depots ET Consignations Invests $1.26 Million in Howmet Aerospace Inc. $HWM

Caisse Des Depots ET Consignations purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,395 shares of the company’s stock, valued at approximately $1,255,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Vanguard Group Inc. boosted its position in shares of Howmet Aerospace by 1.4% in the second quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock valued at $9,022,725,000 after acquiring an additional 662,132 shares during the period. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 30.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after purchasing an additional 7,356,077 shares in the last quarter. State Street Corp boosted its holdings in Howmet Aerospace by 1.2% in the 2nd quarter. State Street Corp now owns 17,686,075 shares of the company’s stock valued at $3,291,909,000 after purchasing an additional 205,424 shares during the period. Geode Capital Management LLC grew its position in shares of Howmet Aerospace by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock worth $2,032,221,000 after purchasing an additional 719,888 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $1,633,157,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

HWM stock opened at $231.17 on Thursday. The stock has a market cap of $92.94 billion, a price-to-earnings ratio of 64.94, a P/E/G ratio of 2.13 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The company has a 50 day simple moving average of $210.36 and a 200 day simple moving average of $197.17. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $233.60.

Howmet Aerospace Announces Dividend

The company also recently declared 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 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 presently 13.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. UBS Group increased their target price on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. iA Financial set a $240.00 price target on Howmet Aerospace in a research note on Monday, November 3rd. Morgan Stanley set a $225.00 price objective on shares of Howmet Aerospace and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Bank of America raised their target price on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.53.

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.