ExodusPoint Capital Management LP Sells 2,364 Shares of Howmet Aerospace Inc. (NYSE:HWM)

ExodusPoint Capital Management LP lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,863 shares of the company's stock after selling 2,364 shares during the quarter. ExodusPoint Capital Management LP's holdings in Howmet Aerospace were worth $6,657,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp purchased a new position in Howmet Aerospace in the fourth quarter valued at about $25,000. Meeder Asset Management Inc. increased 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 valued at $25,000 after acquiring an additional 154 shares in the last quarter. R Squared Ltd acquired a new stake in Howmet Aerospace in the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace in the 4th quarter worth approximately $29,000. Finally, Global Trust Asset Management LLC purchased a new stake in Howmet Aerospace during the 4th quarter worth approximately $33,000. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Down 4.2 %

Shares of Howmet Aerospace stock traded down $5.42 during trading hours on Thursday, hitting $122.67. 1,215,437 shares of the company's stock traded hands, compared to its average volume of 2,748,083. The company has a market cap of $49.68 billion, a PE ratio of 43.62, a PEG ratio of 1.92 and a beta of 1.25. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The stock has a 50 day simple moving average of $128.84 and a 200-day simple moving average of $117.67. Howmet Aerospace Inc. has a twelve month low of $62.80 and a twelve month high of $140.55.

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

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Tuesday, July 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating for the company in a research note on Tuesday. Morgan Stanley boosted their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Truist Financial reiterated a "buy" rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $123.28.

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.