Sequoia Financial Advisors LLC Invests $280,000 in Howmet Aerospace Inc. (NYSE:HWM)

Sequoia Financial Advisors LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the 4th quarter, Holdings Channel.com reports. The firm acquired 5,171 shares of the company’s stock, valued at approximately $280,000.

Other large investors have also bought and sold shares of the company. Venturi Wealth Management LLC increased its stake in Howmet Aerospace by 61.3% in the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock valued at $26,000 after purchasing an additional 212 shares in the last quarter. Financial Freedom LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at approximately $29,000. Headinvest LLC bought a new stake in Howmet Aerospace in the third quarter valued at approximately $30,000. Kathleen S. Wright Associates Inc. bought a new stake in Howmet Aerospace in the third quarter valued at approximately $31,000. Finally, Clear Street Markets LLC increased its stake in Howmet Aerospace by 93.8% in the first quarter. Clear Street Markets LLC now owns 721 shares of the company’s stock valued at $31,000 after purchasing an additional 349 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

NYSE:HWM opened at $63.41 on Friday. Howmet Aerospace Inc. has a 52 week low of $42.17 and a 52 week high of $69.55. The firm has a market cap of $25.90 billion, a price-to-earnings ratio of 34.65, a P/E/G ratio of 1.65 and a beta of 1.43. The firm’s 50-day simple moving average is $65.71 and its 200 day simple moving average is $56.42. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping 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 business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the firm earned $0.38 earnings per share. Howmet Aerospace’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the transaction, 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 available through this link. Insiders own 1.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $65.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday. Truist Financial upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating and increased their price target for the company from $47.00 to $74.00 in a research note on Wednesday, January 10th. Royal Bank of Canada started coverage on shares of Howmet Aerospace in a research note on Monday, March 18th. They issued an “outperform” rating and a $75.00 price target for the company. Finally, UBS Group increased their price target on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.00.

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.