Symmetry Investments LP Sells 3,600 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Symmetry Investments LP cut its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 30.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,400 shares of the company's stock after selling 3,600 shares during the quarter. Symmetry Investments LP's holdings in Howmet Aerospace were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HWM. Vista Investment Partners LLC bought a new position in shares of Howmet Aerospace in the 4th quarter valued at about $531,000. Genesis Private Wealth LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at approximately $249,000. Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at approximately $289,000. Geneos Wealth Management Inc. boosted its stake in shares of Howmet Aerospace by 303.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after acquiring an additional 8,241 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of Howmet Aerospace by 150.5% during the 4th quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock worth $1,171,000 after acquiring an additional 6,433 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HWM has been the subject of several research reports. Benchmark raised their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday. 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 research note on Tuesday, February 18th. JPMorgan Chase & Co. raised their price objective 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. Truist Financial decreased their target price on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $118.00 price target (down from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.06.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $124.39 on Wednesday. Howmet Aerospace Inc. has a 1 year low of $62.83 and a 1 year high of $140.55. The stock has a market capitalization of $50.38 billion, a price-to-earnings ratio of 44.11, 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. The company's 50 day simple moving average is $128.16 and its 200 day simple moving average is $119.15.

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 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 analyst estimates of $1.88 billion. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business 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 $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 dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.