Spire Wealth Management Purchases 16,259 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Spire Wealth Management grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 1,196.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,618 shares of the company’s stock after purchasing an additional 16,259 shares during the quarter. Spire Wealth Management’s holdings in Howmet Aerospace were worth $982,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HWM. Massachusetts Financial Services Co. MA grew its position in Howmet Aerospace by 4.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,507,379 shares of the company’s stock worth $1,087,216,000 after purchasing an additional 897,463 shares during the last quarter. FMR LLC raised its stake in Howmet Aerospace by 21.2% in the 3rd quarter. FMR LLC now owns 15,086,149 shares of the company’s stock valued at $697,734,000 after purchasing an additional 2,635,894 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Howmet Aerospace by 118.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,239,071 shares of the company’s stock valued at $612,307,000 after acquiring an additional 7,184,620 shares in the last quarter. Invesco Ltd. boosted its stake in Howmet Aerospace by 5.4% during the third quarter. Invesco Ltd. now owns 9,107,293 shares of the company’s stock worth $421,212,000 after buying an additional 463,594 shares during the last quarter. Finally, Northern Trust Corp increased its position in Howmet Aerospace by 8.2% during the third quarter. Northern Trust Corp now owns 3,718,495 shares of the company’s stock worth $171,980,000 after purchasing an additional 283,061 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 229,568 shares in the company, valued at $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Robert W. Baird upped their price target on Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday. KeyCorp raised their price objective on Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Barclays increased their target price on Howmet Aerospace from $65.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Argus lifted their price target on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.67.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $81.42 on Thursday. The stock has a market cap of $33.23 billion, a P/E ratio of 39.33, a P/E/G ratio of 1.89 and a beta of 1.41. The firm’s 50-day simple moving average is $67.26 and its 200 day simple moving average is $58.67. Howmet Aerospace Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $81.47. The company has a quick ratio of 0.92, a current ratio of 1.97 and a debt-to-equity ratio of 0.86.

Howmet Aerospace (NYSE:HWM) last posted 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. The business had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the firm posted $0.42 earnings per share. Equities analysts expect that Howmet Aerospace Inc. will post 2.37 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

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.