J. Safra Sarasin Holding AG Takes $492,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

J. Safra Sarasin Holding AG bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,500 shares of the company's stock, valued at approximately $492,000.

Other institutional investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace during the fourth quarter worth $25,000. Meeder Asset Management Inc. grew its position in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Howmet Aerospace during the 4th quarter valued at $25,000. R Squared Ltd acquired a new position in Howmet Aerospace in the 4th quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. The Goldman Sachs Group upped their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Truist Financial dropped their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Barclays lifted their price objective 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. 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, the company currently has an average rating of "Moderate Buy" and an average price target of $125.06.

Howmet Aerospace Stock Performance

NYSE HWM traded up $1.60 on Tuesday, hitting $137.95. The stock had a trading volume of 650,218 shares, compared to its average volume of 2,729,442. The company's 50-day moving average is $128.00 and its two-hundred day moving average is $120.12. The stock has a market cap of $55.80 billion, a price-to-earnings ratio of 48.87, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a one year low of $66.33 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share 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 business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. On average, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current 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 issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's payout ratio is 14.18%.

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.