Clarius Group LLC Buys Shares of 3,871 Howmet Aerospace Inc. (NYSE:HWM)

Clarius Group LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,871 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds also recently modified their holdings of HWM. US Bancorp DE raised its position in shares of Howmet Aerospace by 9.7% during the first quarter. US Bancorp DE now owns 20,717 shares of the company’s stock worth $745,000 after purchasing an additional 1,834 shares during the period. HighTower Advisors LLC raised its position in shares of Howmet Aerospace by 299.5% during the first quarter. HighTower Advisors LLC now owns 31,892 shares of the company’s stock worth $1,147,000 after purchasing an additional 23,910 shares during the period. Panagora Asset Management Inc. raised its position in shares of Howmet Aerospace by 2.2% during the first quarter. Panagora Asset Management Inc. now owns 31,230 shares of the company’s stock worth $1,122,000 after purchasing an additional 663 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Howmet Aerospace by 5.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,781 shares of the company’s stock worth $1,825,000 after purchasing an additional 2,520 shares during the period. Finally, APG Asset Management N.V. raised its position in shares of Howmet Aerospace by 4.0% during the first quarter. APG Asset Management N.V. now owns 20,900 shares of the company’s stock worth $675,000 after purchasing an additional 800 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HWM shares. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $55.00 to $60.00 and gave the stock an “overweight” rating in a report on Wednesday, February 14th. UBS Group increased their price objective on Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Truist Financial upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $74.00 in a report on Wednesday, January 10th. Barclays increased their price objective on Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, February 20th. Finally, Robert W. Baird raised their price target on Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.08.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $63.48 on Tuesday. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. Howmet Aerospace Inc. has a 12 month low of $42.17 and a 12 month high of $69.55. The stock has a 50 day moving average of $65.33 and a 200-day moving average of $56.07. The company has a market capitalization of $25.92 billion, a P/E ratio of 34.69, a P/E/G ratio of 1.67 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Friday, February 9th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 annualized dividend and a yield of 0.32%. Howmet Aerospace’s payout ratio is currently 10.93%.

Insider Buying and Selling

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, March 4th. The stock was 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 directly owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.23% of the stock is currently owned by insiders.

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.