Sanctuary Advisors LLC Purchases 1,963 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Sanctuary Advisors LLC lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,423 shares of the company’s stock after acquiring an additional 1,963 shares during the quarter. Sanctuary Advisors LLC’s holdings in Howmet Aerospace were worth $3,437,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Brooklyn Investment Group raised its holdings in Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after purchasing an additional 97 shares during the last quarter. Guyasuta Investment Advisors Inc. grew its position in shares of Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company’s stock worth $838,000 after buying an additional 104 shares during the period. Caprock Group LLC raised its stake in shares of Howmet Aerospace by 1.0% during the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after buying an additional 106 shares during the last quarter. Perigon Wealth Management LLC lifted its holdings in Howmet Aerospace by 4.1% in the fourth quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock valued at $318,000 after buying an additional 115 shares during the period. Finally, Versant Capital Management Inc boosted its stake in Howmet Aerospace by 18.7% in the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after acquiring an additional 117 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $129.83 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. The firm has a market cap of $52.58 billion, a price-to-earnings ratio of 46.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.50. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The stock’s 50-day moving average is $121.18 and its 200-day moving average is $109.59.

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, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts predict that Howmet Aerospace Inc. will post 3.26 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s payout ratio is presently 14.18%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group upped their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Truist Financial reissued a “buy” rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Susquehanna boosted their target price on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Morgan Stanley lifted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.