Cinctive Capital Management LP Acquires New Shares in Howmet Aerospace Inc. (NYSE:HWM)

Cinctive Capital Management LP bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,000 shares of the company's stock, valued at approximately $547,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at $25,000. Meeder Asset Management Inc. lifted its stake in Howmet Aerospace by 208.1% in 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. R Squared Ltd purchased a new stake in Howmet Aerospace during the fourth quarter valued at about $26,000. Washington Trust Advisors Inc. bought a new position in shares of Howmet Aerospace during the fourth quarter valued at about $29,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter worth about $33,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 11.9 %

Howmet Aerospace stock traded up $13.65 on Wednesday, hitting $128.27. 5,274,395 shares of the stock traded hands, compared to its average volume of 2,753,859. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The firm has a market cap of $51.95 billion, a P/E ratio of 45.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. 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 business's fifty day simple moving average is $128.84 and its 200 day simple moving average is $117.67.

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

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Tuesday, July 1st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HWM shares. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday. The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Wells Fargo & Company cut their price target on shares of Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $123.28.

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.