Freestone Grove Partners LP Purchases Shares of 446,625 Howmet Aerospace Inc. (NYSE:HWM)

Freestone Grove Partners LP purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 446,625 shares of the company's stock, valued at approximately $48,847,000. Freestone Grove Partners LP owned about 0.11% of Howmet Aerospace at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HWM. Vista Investment Partners LLC acquired a new position in Howmet Aerospace in the 4th quarter valued at about $531,000. Genesis Private Wealth LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth $249,000. Ameritas Advisory Services LLC purchased a new stake in Howmet Aerospace in the fourth quarter valued at $289,000. Geneos Wealth Management Inc. grew its holdings in shares of Howmet Aerospace by 303.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after purchasing an additional 8,241 shares during the period. Finally, Park Avenue Securities LLC increased its position in shares of Howmet Aerospace by 150.5% during the 4th quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock worth $1,171,000 after purchasing an additional 6,433 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HWM. Barclays boosted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group upped their target price 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. UBS Group raised their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada raised their price target on Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $130.17.

Howmet Aerospace Price Performance

Shares of HWM stock traded up $0.20 during mid-day trading on Monday, reaching $154.27. The stock had a trading volume of 1,880,812 shares, compared to its average volume of 2,685,694. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $155.57. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The business has a 50-day simple moving average of $129.01 and a 200 day simple moving average of $121.24. The company has a market cap of $62.40 billion, a P/E ratio of 54.71, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current 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 paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's payout ratio is currently 13.03%.

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.