DRW Securities LLC Sells 3,282 Shares of Howmet Aerospace Inc. (NYSE:HWM)

DRW Securities LLC decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 54.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,733 shares of the company's stock after selling 3,282 shares during the quarter. DRW Securities LLC's holdings in Howmet Aerospace were worth $299,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $1,001,558,000. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after purchasing an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC bought a new position in Howmet Aerospace during the 4th quarter valued at $265,844,000. AustralianSuper Pty Ltd increased its position in shares of Howmet Aerospace by 1,000.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock valued at $101,772,000 after purchasing an additional 845,941 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Howmet Aerospace in the 4th quarter worth $61,740,000. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of a number of research analyst reports. Truist Financial reaffirmed a "buy" rating and set a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. 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. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $118.00 price target (down previously from $132.00) on shares of Howmet Aerospace in a report on Tuesday. Morgan Stanley upped their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $122.50.

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Howmet Aerospace Stock Down 2.4 %

Shares of NYSE HWM traded down $3.02 during mid-day trading on Tuesday, reaching $124.44. 2,868,426 shares of the company traded hands, compared to its average volume of 2,753,294. The company's fifty day moving average is $128.79 and its two-hundred day moving average is $118.35. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $140.55. The stock has a market cap of $50.40 billion, a PE ratio of 44.13, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

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

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Howmet Aerospace's payout ratio is presently 14.18%.

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.