Senator Investment Group LP Trims Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Senator Investment Group LP cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company's stock after selling 25,000 shares during the quarter. Senator Investment Group LP's holdings in Howmet Aerospace were worth $21,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HWM. Murphy & Mullick Capital Management Corp purchased a new position in Howmet Aerospace during the fourth quarter worth about $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. R Squared Ltd purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace in the 4th quarter valued at approximately $29,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Truist Financial decreased their price target on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Benchmark increased their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $125.06.

Howmet Aerospace Stock Up 1.7 %

Shares of HWM traded up $2.34 during midday trading on Friday, reaching $135.83. The stock had a trading volume of 1,603,235 shares, compared to its average volume of 2,740,384. The company has a market cap of $54.94 billion, a price-to-earnings ratio of 48.17, a PEG ratio of 1.92 and a beta of 1.25. The company's fifty day simple moving average is $128.08 and its two-hundred day simple moving average is $119.43. Howmet Aerospace Inc. has a 1-year low of $63.64 and a 1-year high of $140.55. 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 (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Equities research 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 declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.

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.