Three Seasons Wealth LLC Purchases New Position in Howmet Aerospace Inc. (NYSE:HWM)

Three Seasons Wealth LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,785 shares of the company’s stock, valued at approximately $2,383,000. Howmet Aerospace accounts for 1.2% of Three Seasons Wealth LLC’s investment portfolio, making the stock its 23rd biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Howmet Aerospace by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock valued at $5,153,220,000 after buying an additional 352,256 shares during the period. JPMorgan Chase & Co. boosted its position in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Howmet Aerospace by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock valued at $1,445,210,000 after acquiring an additional 80,972 shares during the period. Geode Capital Management LLC raised its position in shares of Howmet Aerospace by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock worth $1,070,267,000 after acquiring an additional 308,574 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Howmet Aerospace in the 4th quarter worth $1,001,558,000. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley lifted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, February 19th. Benchmark boosted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday. Barclays lifted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Truist Financial lowered their price target on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $125.06.

Howmet Aerospace Trading Up 2.8 %

Shares of Howmet Aerospace stock opened at $133.37 on Friday. Howmet Aerospace Inc. has a 1 year low of $63.64 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. The stock has a market cap of $53.94 billion, a PE ratio of 47.29, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The firm has a fifty day moving average price of $128.08 and a 200 day moving average price of $119.43.

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, beating the consensus estimate 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 analysts’ expectations 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.30%. Howmet Aerospace’s dividend payout ratio 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.