4,277 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Banco Santander S.A.

Banco Santander S.A. bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 4th quarter, HoldingsChannel reports. The firm bought 4,277 shares of the company’s stock, valued at approximately $468,000.

A number of other large investors have also recently added to or reduced their stakes in HWM. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the 3rd quarter valued at $26,000. R Squared Ltd acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $26,000. Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $33,000. Finally, Hanson & Doremus Investment Management purchased a new position in Howmet Aerospace in the 4th quarter worth about $34,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

Shares of HWM opened at $122.30 on Tuesday. 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 firm has a market cap of $49.53 billion, a PE ratio of 43.37, a PEG ratio of 1.92 and a beta of 1.54. The firm’s 50 day moving average price is $125.19 and its 200 day moving average price is $112.57. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date was Friday, February 7th. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is 14.18%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. Finally, Truist Financial reiterated a “buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

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.