Sagespring Wealth Partners LLC Makes New Investment in Howmet Aerospace Inc. (NYSE:HWM)

Sagespring Wealth Partners LLC bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,010 shares of the company’s stock, valued at approximately $329,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Howmet Aerospace by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock worth $5,153,220,000 after buying an additional 352,256 shares during the period. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Geode Capital Management LLC grew its position in Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock valued at $1,070,267,000 after acquiring an additional 308,574 shares in the last quarter. Norges Bank purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $1,001,558,000. Finally, Boston Partners lifted its position in shares of Howmet Aerospace by 6.4% during the fourth quarter. Boston Partners now owns 5,460,744 shares of the company’s stock worth $597,460,000 after purchasing an additional 326,719 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HWM shares. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Truist Financial restated a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $118.00 target price (down previously from $132.00) on shares of Howmet Aerospace in a research note on Tuesday. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $122.50.

Howmet Aerospace Stock Down 2.4 %

Howmet Aerospace stock opened at $124.44 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a 50-day simple moving average of $128.70 and a 200-day simple moving average of $118.39. The firm has a market capitalization of $50.40 billion, a P/E ratio of 44.13, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Howmet Aerospace Company 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.