Sagespring Wealth Partners LLC Acquires New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Sagespring Wealth Partners LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, Holdings Channel.com reports. The fund bought 3,010 shares of the company’s stock, valued at approximately $329,000.

Several other hedge funds also recently modified their holdings of HWM. Wellington Management Group LLP acquired a new position in Howmet Aerospace during the third quarter worth $292,000. Sanctuary Advisors LLC increased its holdings in shares of Howmet Aerospace by 49.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 29,460 shares of the company’s stock valued at $2,953,000 after acquiring an additional 9,707 shares during the last quarter. Wilmington Savings Fund Society FSB increased its holdings in shares of Howmet Aerospace by 45.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,397 shares of the company’s stock valued at $742,000 after acquiring an additional 2,324 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Howmet Aerospace by 60.0% in the 3rd quarter. Tidal Investments LLC now owns 56,490 shares of the company’s stock valued at $5,663,000 after acquiring an additional 21,176 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Howmet Aerospace by 58.0% in the 3rd quarter. Franklin Resources Inc. now owns 570,476 shares of the company’s stock worth $58,559,000 after purchasing an additional 209,492 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays lifted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Wells Fargo & Company restated an “equal weight” rating and set a $118.00 price target (down from $132.00) on shares of Howmet Aerospace in a report on Tuesday. The Goldman Sachs Group raised their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.50.

Howmet Aerospace Trading Down 2.4 %

HWM stock opened at $124.44 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55. The company has a market cap of $50.40 billion, a P/E ratio of 44.13, a PEG ratio of 1.92 and a beta of 1.25. The business has a fifty day moving average of $128.70 and a 200-day moving average of $118.39.

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

Howmet Aerospace Dividend Announcement

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

About Howmet Aerospace

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.