Verde Servicos Internacionais S.A. Increases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Verde Servicos Internacionais S.A. lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,195 shares of the company’s stock after purchasing an additional 13,914 shares during the quarter. Howmet Aerospace accounts for approximately 5.4% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 7th largest position. Verde Servicos Internacionais S.A.’s holdings in Howmet Aerospace were worth $12,599,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in shares of Howmet Aerospace by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company’s stock valued at $1,775,578,000 after buying an additional 1,336,592 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Howmet Aerospace by 695.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock worth $55,941,000 after purchasing an additional 487,880 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Howmet Aerospace by 5.0% in the 3rd 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 in the last quarter. State Street Corp raised its holdings in Howmet Aerospace by 2.3% during the 3rd 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 during the period. Finally, Retirement Systems of Alabama boosted its holdings in shares of Howmet Aerospace by 332.6% in the third quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock worth $37,095,000 after buying an additional 284,487 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HWM has been the topic of several research analyst reports. UBS Group lifted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Barclays raised their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Robert W. Baird upped their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

Howmet Aerospace Trading Down 4.0 %

Shares of HWM stock opened at $122.01 on Tuesday. The company has a market capitalization of $49.57 billion, a P/E ratio of 46.57, a P/E/G ratio of 1.43 and a beta of 1.49. Howmet Aerospace Inc. has a 12-month low of $55.33 and a 12-month high of $129.10. The firm has a 50-day moving average price of $116.07 and a 200 day moving average price of $103.50. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders 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 0.33%. 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%.

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.