Compagnie Lombard Odier SCmA Buys Shares of 4,633 Howmet Aerospace Inc. (NYSE:HWM)

Compagnie Lombard Odier SCmA acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,633 shares of the company’s stock, valued at approximately $507,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in shares of Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock worth $1,775,578,000 after buying an additional 1,336,592 shares in the last quarter. State Street Corp grew its position in shares of Howmet Aerospace by 2.3% during the third quarter. State Street Corp now owns 17,440,176 shares of the company’s stock worth $1,748,378,000 after buying an additional 384,171 shares in the last quarter. Geode Capital Management LLC lifted its stake in Howmet Aerospace by 5.0% during the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company’s stock worth $949,382,000 after purchasing an additional 453,275 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Howmet Aerospace by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after purchasing an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Howmet Aerospace by 12.2% during the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock worth $138,159,000 after purchasing an additional 150,387 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HWM. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Barclays boosted their target price on Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and an average target price of $117.76.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $133.66 on Friday. Howmet Aerospace Inc. has a 12 month low of $62.70 and a 12 month high of $133.92. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The business has a 50 day simple moving average of $118.75 and a 200-day simple moving average of $107.74. The stock has a market capitalization of $54.30 billion, a PE ratio of 51.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. Equities analysts predict that Howmet Aerospace Inc. will post 2.66 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

About Howmet Aerospace

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.