Mariner LLC Grows Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Mariner LLC grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,817 shares of the company’s stock after buying an additional 3,361 shares during the quarter. Mariner LLC’s holdings in Howmet Aerospace were worth $5,886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Howmet Aerospace during the 4th quarter valued at $1,001,558,000. JPMorgan Chase & Co. raised its position in Howmet Aerospace by 14.0% in the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares during the period. Winslow Capital Management LLC purchased a new position in Howmet Aerospace in the fourth quarter valued at about $265,844,000. AustralianSuper Pty Ltd increased its stake in shares of Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after purchasing an additional 845,941 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $61,740,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 0.6 %

HWM opened at $123.21 on Friday. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The business’s fifty day simple moving average is $128.40 and its 200 day simple moving average is $118.86. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The stock has a market cap of $49.90 billion, a PE ratio of 43.69, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Friday, May 9th. Howmet Aerospace’s payout ratio is presently 14.18%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company restated an “equal weight” rating and set a $118.00 price target (down from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a report on Wednesday, April 9th. Finally, Truist Financial cut their price target on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $122.28.

Howmet Aerospace Company 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.