J. Safra Sarasin Holding AG Makes New Investment in Howmet Aerospace Inc. (NYSE:HWM)

J. Safra Sarasin Holding AG acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,500 shares of the company's stock, valued at approximately $492,000.

Several other hedge funds have also recently added to or reduced their stakes in HWM. Norges Bank acquired a new position in Howmet Aerospace in the fourth quarter valued at about $1,001,558,000. JPMorgan Chase & Co. boosted its holdings in shares of Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the period. Winslow Capital Management LLC bought a new stake in shares of Howmet Aerospace during the fourth quarter worth $265,844,000. AustralianSuper Pty Ltd raised its holdings in shares of Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock worth $101,772,000 after acquiring an additional 845,941 shares during the period. Finally, Capital World Investors raised its stake in shares of Howmet Aerospace by 13.3% in the 4th quarter. Capital World Investors now owns 4,855,273 shares of the company's stock valued at $531,021,000 after purchasing an additional 570,567 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HWM shares. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Morgan Stanley raised their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Truist Financial lowered their price target on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $125.06.

Howmet Aerospace Stock Performance

NYSE HWM traded up $2.34 during trading on Friday, reaching $135.83. The company's stock had a trading volume of 1,603,263 shares, compared to its average volume of 2,736,891. Howmet Aerospace Inc. has a 12 month low of $66.33 and a 12 month high of $140.55. The firm has a 50 day moving average price of $128.06 and a 200 day moving average price of $119.77. The firm has a market capitalization of $54.94 billion, a price-to-earnings ratio of 48.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

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 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 firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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