Sapient Capital LLC Acquires New Position in Howmet Aerospace Inc. (NYSE:HWM)

Sapient Capital LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 81,173 shares of the company’s stock, valued at approximately $4,393,000.

Other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after acquiring an additional 212 shares during the last quarter. Headinvest LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at $30,000. Lindbrook Capital LLC raised its stake in Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after buying an additional 229 shares during the period. Blue Trust Inc. raised its stake in Howmet Aerospace by 33.1% during the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after buying an additional 271 shares during the period. Finally, Huntington National Bank lifted its holdings in Howmet Aerospace by 24.5% during the third quarter. Huntington National Bank now owns 1,315 shares of the company’s stock worth $61,000 after acquiring an additional 259 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HWM shares. Robert W. Baird raised their price target on Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday. The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Friday. Barclays increased their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada increased their target price on Howmet Aerospace from $75.00 to $90.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.77.

Howmet Aerospace Stock Up 2.3 %

HWM stock traded up $1.79 during mid-day trading on Friday, reaching $78.89. The company had a trading volume of 6,147,936 shares, compared to its average volume of 3,546,927. Howmet Aerospace Inc. has a 52 week low of $42.17 and a 52 week high of $79.47. The company has a market capitalization of $32.22 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 1.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $66.70 and a two-hundred day simple moving average of $57.97.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. Howmet Aerospace had a return on equity of 21.33% and a net margin of 12.53%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities analysts predict that Howmet Aerospace Inc. will post 2.35 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is 9.66%.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the completion of the sale, the executive vice president now owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.12% of the company’s stock.

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.