Jump Financial LLC Lowers Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Jump Financial LLC reduced its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 90.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 8,984 shares of the company's stock after selling 86,856 shares during the period. Jump Financial LLC's holdings in Howmet Aerospace were worth $983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kane Investment Management Inc. bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $895,000. Guggenheim Capital LLC boosted its position in shares of Howmet Aerospace by 162.2% in the fourth quarter. Guggenheim Capital LLC now owns 14,639 shares of the company's stock valued at $1,601,000 after acquiring an additional 9,055 shares during the period. Canada Post Corp Registered Pension Plan bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $721,000. CreativeOne Wealth LLC lifted its stake in Howmet Aerospace by 177.7% in the 4th quarter. CreativeOne Wealth LLC now owns 6,964 shares of the company's stock worth $762,000 after purchasing an additional 4,456 shares in the last quarter. Finally, Mariner LLC boosted its holdings in Howmet Aerospace by 6.7% in the 4th quarter. Mariner LLC now owns 53,817 shares of the company's stock valued at $5,886,000 after purchasing an additional 3,361 shares during the period. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Benchmark boosted their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group lifted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $125.06.

Howmet Aerospace Stock Performance

HWM traded up $2.34 during trading on Friday, reaching $135.83. 1,092,988 shares of the company's stock were exchanged, compared to its average volume of 2,740,311. The company's fifty day simple moving average is $128.08 and its 200-day simple moving average is $119.43. The stock has a market capitalization of $54.94 billion, a P/E ratio of 48.14, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1 year low of $63.64 and a 1 year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly 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. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Howmet Aerospace 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.