EverSource Wealth Advisors LLC Grows Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

EverSource Wealth Advisors LLC grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 87.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth $26,000. Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace in the fourth quarter worth about $29,000. Global Trust Asset Management LLC bought a new position in Howmet Aerospace during the 4th quarter worth about $33,000. Hanson & Doremus Investment Management purchased a new position in Howmet Aerospace during the 4th quarter valued at about $34,000. Finally, Assetmark Inc. raised its stake in Howmet Aerospace by 40.0% in the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares in the last quarter. 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 market cap of $51.97 billion, a PE ratio of 45.50, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The firm has a fifty day moving average price of $127.06 and a 200 day moving average price of $113.83. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date was Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Analyst Ratings Changes

HWM has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Truist Financial reissued a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

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.