Trexquant Investment LP Reduces Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Trexquant Investment LP lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 73.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,223 shares of the company's stock after selling 75,334 shares during the period. Trexquant Investment LP's holdings in Howmet Aerospace were worth $2,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in HWM. Norges Bank bought a new position in Howmet Aerospace during the 4th quarter valued at about $1,001,558,000. JPMorgan Chase & Co. grew its stake in shares of 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 during the period. AustralianSuper Pty Ltd increased its holdings in Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock valued at $101,772,000 after buying an additional 845,941 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Howmet Aerospace in the 4th quarter worth $61,740,000. Finally, Sei Investments Co. raised its stake in shares of Howmet Aerospace by 82.4% in the fourth quarter. Sei Investments Co. now owns 1,106,586 shares of the company's stock worth $121,026,000 after buying an additional 499,978 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 1.2 %

Shares of HWM traded up $1.50 during midday trading on Friday, hitting $125.69. 2,035,883 shares of the company's stock traded hands, compared to its average volume of 2,753,867. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The firm's fifty day moving average is $128.80 and its 200-day moving average is $118.02. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 44.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

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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 for the quarter, topping 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 business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on HWM shares. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday. Wells Fargo & Company reduced their price objective on Howmet Aerospace from $146.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday. Truist Financial restated a "buy" rating and issued a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $123.28.

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.