Brevan Howard Capital Management LP Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Brevan Howard Capital Management LP purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,922 shares of the company's stock, valued at approximately $757,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the third quarter worth $250,000. Principal Financial Group Inc. grew its position in shares of Howmet Aerospace by 7.9% during the third quarter. Principal Financial Group Inc. now owns 484,345 shares of the company's stock worth $48,556,000 after acquiring an additional 35,601 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock worth $1,775,578,000 after acquiring an additional 1,336,592 shares during the last quarter. ORG Partners LLC bought a new position in shares of Howmet Aerospace during the fourth quarter worth about $44,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Howmet Aerospace by 3.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,713 shares of the company's stock worth $3,179,000 after acquiring an additional 1,094 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upped their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Benchmark increased their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Truist Financial decreased their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, UBS Group increased their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $132.53.

Insiders Place Their Bets

In related news, CEO John C. Plant sold 800,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the sale, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Performance

HWM traded up $1.37 during trading on Tuesday, reaching $158.33. 3,476,976 shares of the company's stock were exchanged, compared to its average volume of 2,682,439. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $161.58. 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 business has a 50 day moving average price of $131.98 and a 200 day moving average price of $123.48. The company has a market capitalization of $63.91 billion, a P/E ratio of 56.15, a PEG ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts predict 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 Tuesday, May 27th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.25%. Howmet Aerospace's dividend payout ratio is currently 13.03%.

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.