DSM Capital Partners LLC Has $115.73 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

DSM Capital Partners LLC cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWMFree Report) by 11.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 892,102 shares of the company’s stock after selling 119,859 shares during the quarter. Howmet Aerospace accounts for about 2.0% of DSM Capital Partners LLC’s investment portfolio, making the stock its 18th largest holding. DSM Capital Partners LLC’s holdings in Howmet Aerospace were worth $115,732,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HWM. Harbour Investments Inc. raised its stake in shares of Howmet Aerospace by 10.1% during the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock worth $145,000 after purchasing an additional 102 shares in the last quarter. PFG Advisors raised its stake in shares of Howmet Aerospace by 37.9% during the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after purchasing an additional 2,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Howmet Aerospace by 233.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company’s stock worth $18,277,000 after purchasing an additional 98,642 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Howmet Aerospace by 126.1% during the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company’s stock worth $3,140,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Howmet Aerospace by 65.4% during the 1st quarter. Private Trust Co. NA now owns 673 shares of the company’s stock worth $87,000 after purchasing an additional 266 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HWM shares. Morgan Stanley raised their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Finally, BTIG Research set a $205.00 price objective on Howmet Aerospace and gave the company a “buy” rating in a research note on Monday, August 4th. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.13.

Read Our Latest Report on HWM

Howmet Aerospace Stock Performance

HWM opened at $176.72 on Thursday. The stock has a market cap of $71.24 billion, a PE ratio of 51.67, a P/E/G ratio of 2.31 and a beta of 1.48. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 1 year low of $90.71 and a 1 year high of $193.26. The stock’s 50 day simple moving average is $179.89 and its 200-day simple moving average is $152.16.

Howmet Aerospace (NYSE:HWMGet Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. Howmet Aerospace’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.67 earnings per share. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be given a dividend of $0.12 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, August 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.04%.

About Howmet Aerospace

(Free Report)

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.

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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