Harvest Investment Services LLC Raises Position in Howmet Aerospace Inc. (NYSE:HWM)

Harvest Investment Services LLC grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 244.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,195 shares of the company's stock after buying an additional 16,465 shares during the quarter. Harvest Investment Services LLC's holdings in Howmet Aerospace were worth $2,537,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. J. Safra Sarasin Holding AG purchased a new stake in Howmet Aerospace during the 4th quarter valued at $492,000. OneDigital Investment Advisors LLC boosted its holdings in shares of Howmet Aerospace by 44.1% during the fourth quarter. OneDigital Investment Advisors LLC now owns 7,582 shares of the company's stock worth $829,000 after purchasing an additional 2,322 shares during the period. Stifel Financial Corp grew its stake in shares of Howmet Aerospace by 6.3% in the fourth quarter. Stifel Financial Corp now owns 280,455 shares of the company's stock worth $30,674,000 after purchasing an additional 16,625 shares during the last quarter. Optivise Advisory Services LLC purchased a new position in Howmet Aerospace during the 4th quarter valued at about $212,000. Finally, State of Tennessee Department of Treasury raised its position in Howmet Aerospace by 20.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 181,316 shares of the company's stock valued at $19,831,000 after purchasing an additional 30,453 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

HWM has been the topic of several research analyst reports. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Barclays lifted their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a research report on Tuesday, April 15th. The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Finally, Truist Financial lowered their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.06.

Howmet Aerospace Stock Performance

HWM traded up $2.34 during midday trading on Friday, hitting $135.83. 1,603,263 shares of the company traded hands, compared to its average volume of 2,742,231. The company's 50-day moving average is $128.06 and its 200 day moving average is $119.66. Howmet Aerospace Inc. has a 52 week low of $64.71 and a 52 week high of $140.55. The firm has a market capitalization of $54.94 billion, a PE ratio of 48.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio is 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.