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

Susquehanna Fundamental Investments LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 284,688 shares of the company’s stock, valued at approximately $31,136,000. Susquehanna Fundamental Investments LLC owned approximately 0.07% of Howmet Aerospace as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Private Trust Co. NA increased its holdings in shares of Howmet Aerospace by 28.0% during the fourth quarter. Private Trust Co. NA now owns 407 shares of the company’s stock worth $45,000 after purchasing an additional 89 shares during the period. O Neil Global Advisors Inc. grew its position in Howmet Aerospace by 0.5% during the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company’s stock worth $2,136,000 after buying an additional 90 shares in the last quarter. Brooklyn Investment Group increased its stake in Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after acquiring an additional 97 shares during the period. Frank Rimerman Advisors LLC raised its holdings in Howmet Aerospace by 0.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company’s stock valued at $1,644,000 after acquiring an additional 100 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its position in shares of Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock valued at $838,000 after acquiring an additional 104 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.7 %

NYSE HWM opened at $135.83 on Friday. The firm has a market capitalization of $54.94 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The business’s 50-day moving average price is $128.06 and its two-hundred day moving average price is $119.66. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 12 month low of $64.71 and a 12 month high of $140.55.

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

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HWM shares. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Barclays raised their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. Morgan Stanley lifted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Finally, Truist Financial lowered their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $125.06.

Howmet Aerospace 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.