Argentarii LLC Purchases New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Argentarii LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 8,956 shares of the company’s stock, valued at approximately $980,000.

A number of other large investors also recently bought and sold shares of HWM. QRG Capital Management Inc. lifted its position in Howmet Aerospace by 13.1% during the 3rd quarter. QRG Capital Management Inc. now owns 6,186 shares of the company’s stock valued at $620,000 after acquiring an additional 718 shares during the period. Graypoint LLC purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $235,000. Principal Financial Group Inc. lifted its position in Howmet Aerospace by 7.9% during the 3rd quarter. Principal Financial Group Inc. now owns 484,345 shares of the company’s stock valued at $48,556,000 after acquiring an additional 35,601 shares during the period. Hollencrest Capital Management purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $30,000. Finally, Assetmark Inc. lifted its position in Howmet Aerospace by 40.0% during the 3rd quarter. Assetmark Inc. now owns 441 shares of the company’s stock valued at $44,000 after acquiring an additional 126 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $124.70 on Friday. 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. The company has a market capitalization of $50.51 billion, a P/E ratio of 44.22, a P/E/G ratio of 1.92 and a beta of 1.54. The firm’s 50 day simple moving average is $124.95 and its two-hundred day simple moving average is $112.27.

Howmet Aerospace (NYSE:HWM) last issued 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. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.32%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s payout ratio is currently 14.18%.

Analysts Set New Price Targets

HWM has been the subject of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Truist Financial reaffirmed a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. The Goldman Sachs Group lifted 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. Bank of America lifted their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, November 13th. Finally, Morgan Stanley lifted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace 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.