Sei Investments Co. Acquires 499,978 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Sei Investments Co. boosted its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 82.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,106,586 shares of the company's stock after purchasing an additional 499,978 shares during the quarter. Sei Investments Co. owned about 0.27% of Howmet Aerospace worth $121,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of HWM. R Squared Ltd purchased a new stake in shares of Howmet Aerospace in the fourth quarter worth $26,000. Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $29,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $33,000. Hanson & Doremus Investment Management purchased a new position in shares of Howmet Aerospace during the fourth quarter worth about $34,000. Finally, ORG Partners LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $44,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Down 1.1 %

HWM traded down $1.50 during midday trading on Thursday, reaching $132.64. 1,542,917 shares of the company's stock traded hands, compared to its average volume of 2,636,416. The stock has a market capitalization of $53.72 billion, a price-to-earnings ratio of 47.04, a P/E/G ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The firm has a fifty day moving average of $129.13 and a two-hundred day moving average of $115.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.10 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Friday, February 7th. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HWM. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Barclays raised their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Truist Financial reissued a "buy" rating and set a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.

About Howmet Aerospace

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.