Susquehanna Fundamental Investments LLC Takes $31.14 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 284,688 shares of the company’s stock, valued at approximately $31,136,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at about $25,000. Meeder Asset Management Inc. increased its position in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after buying an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $25,000. R Squared Ltd acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $26,000. Finally, Washington Trust Advisors Inc. bought a new position in Howmet Aerospace in the fourth quarter worth approximately $29,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $135.83 on Friday. The company has a market capitalization of $54.94 billion, a P/E ratio of 48.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company’s 50-day moving average is $128.06 and its 200 day moving average is $119.66. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a fifty-two week low of $64.71 and a fifty-two week high of $140.55.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, May 9th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wells Fargo & Company restated an “equal weight” rating and set a $118.00 price objective (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. Truist Financial lowered their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Benchmark boosted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Finally, Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $125.06.

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.