Adage Capital Partners GP L.L.C. Trims Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Adage Capital Partners GP L.L.C. reduced its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 379,600 shares of the company's stock after selling 5,100 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Howmet Aerospace worth $41,517,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vista Investment Partners LLC purchased a new stake in Howmet Aerospace during the fourth quarter worth approximately $531,000. Genesis Private Wealth LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth approximately $249,000. Ameritas Advisory Services LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $289,000. Geneos Wealth Management Inc. boosted its holdings in shares of Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock valued at $1,199,000 after buying an additional 8,241 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Howmet Aerospace by 150.5% during the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock worth $1,171,000 after purchasing an additional 6,433 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded up $2.34 on Friday, reaching $135.83. 1,603,263 shares of the company were exchanged, compared to its average volume of 2,736,891. The company has a 50-day moving average of $128.06 and a 200-day moving average of $119.90. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $54.94 billion, a price-to-earnings ratio of 48.17, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 1-year low of $66.33 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HWM shares. The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Barclays boosted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Truist Financial decreased their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $125.06.

About Howmet Aerospace

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.