Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by SageView Advisory Group LLC

SageView Advisory Group LLC grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 75.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,405 shares of the company's stock after buying an additional 2,745 shares during the period. SageView Advisory Group LLC's holdings in Howmet Aerospace were worth $701,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace in the fourth quarter worth $25,000. Meeder Asset Management Inc. increased its stake in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace during the fourth quarter worth about $25,000. R Squared Ltd purchased a new stake in Howmet Aerospace in the fourth quarter worth about $26,000. Finally, Washington Trust Advisors Inc. purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Down 0.6 %

HWM stock traded down $0.73 during trading on Friday, reaching $123.21. 2,188,892 shares of the company traded hands, compared to its average volume of 2,752,565. The company has a market capitalization of $49.90 billion, a price-to-earnings ratio of 43.69, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 business has a 50 day simple moving average of $128.40 and a 200 day simple moving average of $118.74. Howmet Aerospace Inc. has a 12 month low of $62.80 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Analysts Set New Price Targets

HWM has been the subject of several analyst reports. 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. Barclays upped 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. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. The Goldman Sachs Group raised their price target 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, Morgan Stanley upped their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $122.28.

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.