Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Lessened by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 95.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 21,828 shares of the company’s stock after selling 462,991 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Howmet Aerospace were worth $2,387,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace during the 4th quarter valued at about $25,000. Meeder Asset Management Inc. boosted its stake in Howmet Aerospace by 208.1% during the 4th 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 period. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the 4th quarter valued at about $25,000. R Squared Ltd acquired a new position in Howmet Aerospace during the 4th quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace during the 4th quarter valued at about $29,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Down 0.8%

HWM stock opened at $164.94 on Wednesday. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $166.50. The company’s 50 day simple moving average is $136.50 and its 200-day simple moving average is $125.88. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm has a market capitalization of $66.58 billion, a P/E ratio of 58.49, a P/E/G ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.24%. Howmet Aerospace’s dividend payout ratio is presently 13.03%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. The Goldman Sachs Group boosted 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. Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Northcoast Research raised shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, BTIG Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.53.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total value of $193,962.50. Following the transaction, the vice president now owns 23,044 shares in the company, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the transaction, the chief executive officer now owns 236,544 shares in the company, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is currently owned by company insiders.

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.