Three Seasons Wealth LLC Acquires New Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Three Seasons Wealth LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 21,785 shares of the company's stock, valued at approximately $2,383,000. Howmet Aerospace comprises 1.2% of Three Seasons Wealth LLC's investment portfolio, making the stock its 23rd biggest holding.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after buying an additional 352,256 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Howmet Aerospace by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock valued at $1,445,210,000 after buying an additional 80,972 shares during the period. Geode Capital Management LLC raised its holdings in Howmet Aerospace by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock worth $1,070,267,000 after purchasing an additional 308,574 shares during the period. Finally, Norges Bank purchased a new position in Howmet Aerospace during the fourth quarter worth approximately $1,001,558,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an "equal weight" rating and issued a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a research report on Tuesday, April 15th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Barclays lifted 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. Morgan Stanley lifted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, Truist Financial dropped their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $125.06.

Howmet Aerospace Trading Up 0.2 %

Shares of NYSE HWM traded up $0.30 during trading on Wednesday, hitting $137.80. 948,742 shares of the company were exchanged, compared to its average volume of 2,723,028. Howmet Aerospace Inc. has a 12-month low of $66.37 and a 12-month high of $140.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a fifty day moving average price of $127.99 and a 200-day moving average price of $120.24. The firm has a market capitalization of $55.74 billion, a PE ratio of 48.87, a P/E/G ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.88 billion. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Howmet Aerospace 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.