EverSource Wealth Advisors LLC Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

EverSource Wealth Advisors LLC increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 87.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 883 shares of the company’s stock after acquiring an additional 411 shares during the period. EverSource Wealth Advisors LLC’s holdings in Howmet Aerospace were worth $97,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of HWM. Sequoia Financial Advisors LLC grew its holdings in Howmet Aerospace by 19.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,736 shares of the company’s stock valued at $518,000 after purchasing an additional 786 shares during the period. Wealth High Governance Capital Ltda purchased a new stake in Howmet Aerospace in the 4th quarter worth $6,798,000. Grant Street Asset Management Inc. increased its holdings in Howmet Aerospace by 13.0% in the 4th quarter. Grant Street Asset Management Inc. now owns 2,309 shares of the company’s stock worth $253,000 after acquiring an additional 266 shares in the last quarter. Independent Advisor Alliance lifted its holdings in Howmet Aerospace by 6.8% during the fourth quarter. Independent Advisor Alliance now owns 24,955 shares of the company’s stock valued at $2,729,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Howmet Aerospace by 7.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 51,952 shares of the company’s stock valued at $5,682,000 after purchasing an additional 3,692 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.7 %

Shares of Howmet Aerospace stock opened at $128.32 on Wednesday. The stock has a 50 day moving average of $127.06 and a 200 day moving average of $113.83. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The firm has a market capitalization of $51.97 billion, a price-to-earnings ratio of 45.50, a PEG ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share 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 analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.18%.

Analysts Set New Price Targets

HWM has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Truist Financial reiterated a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Barclays raised their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.28.

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.