Mediolanum International Funds Ltd Has $25.86 Million Holdings in Howmet Aerospace Inc. $HWM

Mediolanum International Funds Ltd raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 9.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 134,748 shares of the company’s stock after purchasing an additional 11,783 shares during the period. Mediolanum International Funds Ltd’s holdings in Howmet Aerospace were worth $25,861,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Traub Capital Management LLC acquired a new position in Howmet Aerospace in the second quarter valued at $25,000. Winnow Wealth LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth about $25,000. Newbridge Financial Services Group Inc. raised its position in shares of Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after acquiring an additional 73 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Howmet Aerospace during the 3rd quarter valued at about $32,000. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. UBS Group raised their target price on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Citigroup lifted their price target on shares of Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Truist Financial set a $258.00 price objective on shares of Howmet Aerospace in a research report on Friday, January 9th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $247.00 target price on shares of Howmet Aerospace in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Trading Down 0.4%

NYSE:HWM opened at $208.12 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $226.87. The company has a market cap of $83.68 billion, a PE ratio of 58.46, a PEG ratio of 1.98 and a beta of 1.29. The firm has a 50-day moving average of $207.62 and a 200-day moving average of $195.45.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.81 EPS. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.48%.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.