Sei Investments Co. Boosts Stake in Howmet Aerospace Inc. (NYSE:HWM)

Sei Investments Co. grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 82.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,106,586 shares of the company’s stock after acquiring an additional 499,978 shares during the period. Sei Investments Co. owned about 0.27% of Howmet Aerospace worth $121,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HWM. R Squared Ltd purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $33,000. Hanson & Doremus Investment Management purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $34,000. Finally, ORG Partners LLC purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HWM. Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Truist Financial restated a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group upped 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, Wells Fargo & Company increased their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Price Performance

NYSE HWM opened at $130.70 on Friday. The business’s fifty day moving average price is $128.09 and its 200-day moving average price is $114.46. The stock has a market capitalization of $52.94 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.92 and a beta of 1.54. 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 Inc. has a 1-year low of $62.80 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace’s payout ratio is 14.18%.

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.