Geneva Partners LLC Acquires Shares of 22,868 Howmet Aerospace Inc. (NYSE:HWM)

Geneva Partners LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 22,868 shares of the company’s stock, valued at approximately $1,238,000.

A number of other institutional investors have also made changes to their positions in HWM. Venturi Wealth Management LLC lifted its stake in shares of Howmet Aerospace by 61.3% during the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after acquiring an additional 212 shares during the period. Kathleen S. Wright Associates Inc. acquired a new position in Howmet Aerospace during the 3rd quarter valued at about $31,000. Headinvest LLC acquired a new position in Howmet Aerospace during the 3rd quarter valued at about $30,000. Clear Street Markets LLC boosted its stake in shares of Howmet Aerospace by 93.8% in the 1st quarter. Clear Street Markets LLC now owns 721 shares of the company’s stock valued at $31,000 after purchasing an additional 349 shares during the last quarter. Finally, Financial Freedom LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $29,000. 90.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction 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 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 company insiders.

Howmet Aerospace Stock Performance

HWM stock traded down $0.09 during mid-day trading on Friday, hitting $63.41. 3,071,956 shares of the company were exchanged, compared to its average volume of 3,356,543. The stock has a market capitalization of $25.90 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 1.65 and a beta of 1.43. 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 1-year low of $42.17 and a 1-year high of $69.55. The business has a 50 day simple moving average of $65.71 and a 200-day simple moving average of $56.42.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. Howmet Aerospace’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts forecast that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HWM. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Benchmark restated a “buy” rating and set a $53.00 price objective on shares of Howmet Aerospace in a research note on Friday. The Goldman Sachs Group raised their price target on Howmet Aerospace from $65.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday. Truist Financial upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and upped their price objective for the stock from $47.00 to $74.00 in a research note on Wednesday, January 10th. Finally, Sanford C. Bernstein initiated coverage on shares of Howmet Aerospace in a research note on Friday, January 5th. They issued an “outperform” rating and a $67.00 target price for the company. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

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.