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

Mariner LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 53,817 shares of the company’s stock after purchasing an additional 3,361 shares during the quarter. Mariner LLC’s holdings in Howmet Aerospace were worth $5,886,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Trustmark National Bank Trust Department grew its stake in shares of Howmet Aerospace by 5.2% in the fourth quarter. Trustmark National Bank Trust Department now owns 14,970 shares of the company’s stock worth $1,637,000 after purchasing an additional 743 shares during the last quarter. SageView Advisory Group LLC lifted its holdings in Howmet Aerospace by 75.0% in the 4th quarter. SageView Advisory Group LLC now owns 6,405 shares of the company’s stock worth $701,000 after buying an additional 2,745 shares during the period. WealthTrust Axiom LLC grew its position in shares of Howmet Aerospace by 4.0% in the 4th quarter. WealthTrust Axiom LLC now owns 46,062 shares of the company’s stock worth $5,038,000 after buying an additional 1,766 shares during the last quarter. Sagespring Wealth Partners LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $329,000. Finally, Townsquare Capital LLC raised its holdings in shares of Howmet Aerospace by 6.7% during the fourth quarter. Townsquare Capital LLC now owns 3,108 shares of the company’s stock valued at $340,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM stock opened at $123.21 on Friday. The stock’s 50 day simple moving average is $128.40 and its 200 day simple moving average is $118.86. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The stock has a market capitalization of $49.90 billion, a PE ratio of 43.69, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

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

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, February 19th. The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, 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 report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $122.28.

About Howmet Aerospace

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.