Three Seasons Wealth LLC Invests $2.38 Million in Howmet Aerospace Inc. (NYSE:HWM)

Three Seasons Wealth LLC acquired a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 21,785 shares of the company's stock, valued at approximately $2,383,000. Howmet Aerospace accounts for 1.2% of Three Seasons Wealth LLC's holdings, making the stock its 23rd biggest position.

A number of other large investors have also recently made changes to their positions in HWM. Vista Investment Partners LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $531,000. Genesis Private Wealth LLC purchased a new position in Howmet Aerospace during the fourth quarter valued at $249,000. Ameritas Advisory Services LLC bought a new position in shares of Howmet Aerospace in the 4th quarter worth about $289,000. Geneos Wealth Management Inc. lifted its position in Howmet Aerospace by 303.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock valued at $1,199,000 after acquiring an additional 8,241 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in Howmet Aerospace by 150.5% during the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock worth $1,171,000 after acquiring an additional 6,433 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

NYSE HWM traded up $2.34 during trading on Friday, hitting $135.83. 1,603,263 shares of the stock traded hands, compared to its average volume of 2,736,891. 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 Inc. has a 12-month low of $66.33 and a 12-month high of $140.55. The firm has a 50-day simple moving average of $128.06 and a 200-day simple moving average of $119.90. The company has a market capitalization of $54.94 billion, a P/E ratio of 48.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. As a group, analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's payout ratio is currently 14.18%.

Analyst Ratings Changes

HWM has been the topic of a number of analyst reports. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Morgan Stanley lifted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Benchmark upped their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $118.00 price objective (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $125.06.

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.