6,922 Shares in Howmet Aerospace Inc. (NYSE:HWM) Acquired by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,922 shares of the company’s stock, valued at approximately $757,000.

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

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. BTIG Research reissued a “buy” rating on shares of Howmet Aerospace in a report on Monday. Benchmark raised their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a report on Monday, April 21st. Truist Financial reduced their price objective on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Northcoast Research raised Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday, April 9th. Finally, UBS Group upped their price target on Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.53.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $157.62 on Friday. 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 12-month low of $76.83 and a 12-month high of $159.04. The firm has a fifty day moving average of $130.85 and a 200-day moving average of $122.42. The firm has a market capitalization of $63.63 billion, a price-to-earnings ratio of 55.89, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.25%. Howmet Aerospace’s dividend payout ratio is currently 13.03%.

Insider Buying and Selling

In other news, VP Barbara Lou Shultz sold 1,250 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the transaction, the vice president now owns 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.04% of the company’s stock.

Howmet Aerospace Company 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.