Sagespring Wealth Partners LLC Invests $329,000 in Howmet Aerospace Inc. (NYSE:HWM)

Sagespring Wealth Partners LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,010 shares of the company's stock, valued at approximately $329,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. Vanguard Group Inc. raised its holdings in Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock worth $5,153,220,000 after purchasing an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after buying an additional 2,486,649 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock worth $1,070,267,000 after purchasing an additional 308,574 shares in the last quarter. Norges Bank bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $1,001,558,000. Finally, Boston Partners increased its position in shares of Howmet Aerospace by 6.4% during the 4th quarter. Boston Partners now owns 5,460,744 shares of the company's stock worth $597,460,000 after purchasing an additional 326,719 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HWM shares. Barclays raised 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. The Goldman Sachs Group raised their target price 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. Truist Financial decreased their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday. 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 report on Wednesday, February 19th. Finally, Wells Fargo & Company reiterated 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. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.28.

Howmet Aerospace Stock Down 0.6 %

Shares of Howmet Aerospace 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 50 day moving average price of $128.40 and a 200-day moving average price of $118.74. Howmet Aerospace Inc. has a 1-year low of $62.80 and a 1-year high of $140.55. The firm has a market capitalization of $49.90 billion, a PE ratio of 43.69, a P/E/G ratio of 1.92 and a beta of 1.25. 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 - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, equities research analysts expect 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. Investors of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's payout ratio is currently 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.