Howmet Aerospace stock: Candriam lifts stake in latest filing

MarketBeat reported on Tuesday, November 10, that Candriam S.C.A. increased its Howmet Aerospace holding by 49.9 percent during the third quarter. The fund owned 62,509 shares after buying 20,812 additional shares, with the position valued at 14.19 million US dollars in its latest filing. The report adds a new institutional-investor detail to the company's growth story.

Howmet Aerospace stock traded at 199.65 euros on Lang & Schwarz at 16:32 CET on Friday, November 13, 1.04% below the Xetra close of Thursday, November 12. The quote was 202.80 euros at 13:51 CET in an earlier November 13 update, leaving the current price 1.55% lower since that update.

Institutional ownership remains high

MarketBeat said institutional investors collectively owned 90.46 percent of Howmet Aerospace. Its analyst roundup showed a Moderate Buy consensus and an average price target of 295.81 US dollars, although several firms had recently reduced their targets.

The same report noted that Howmet's third-quarter adjusted earnings of 1.46 US dollars per share exceeded the 1.37 US dollar consensus estimate, while revenue rose 29.4 percent year over year to 2.70 billion US dollars. Those figures refer to the quarter reported on October 29 and provide the operating backdrop for the more recent ownership disclosure.

Dividend date remains ahead

Howmet Aerospace declared a quarterly dividend of 14 cents per share for holders of record on Friday, November 6. MarketBeat said the payment is scheduled for Wednesday, November 25, giving income-oriented investors a near-term corporate date to watch.

US aerospace shares remain sensitive to demand expectations, capital spending and valuation changes; Current market reports provide the broader market backdrop.

For more company-specific coverage, see More news and analyses on Howmet Aerospace stock.

MarketBeat reported the institutional holding change and the analyst consensus.