Adage Capital Partners GP L.L.C. Sells 5,100 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Adage Capital Partners GP L.L.C. reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 379,600 shares of the company's stock after selling 5,100 shares during the period. Adage Capital Partners GP L.L.C. owned 0.09% of Howmet Aerospace worth $41,517,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Syon Capital LLC increased its holdings in Howmet Aerospace by 7.9% during the 4th quarter. Syon Capital LLC now owns 2,509 shares of the company's stock worth $274,000 after purchasing an additional 184 shares in the last quarter. Brasada Capital Management LP purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at $4,402,000. Pinebridge Investments L.P. increased its position in shares of Howmet Aerospace by 33.9% during the fourth quarter. Pinebridge Investments L.P. now owns 158,857 shares of the company's stock valued at $17,374,000 after buying an additional 40,207 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Howmet Aerospace by 0.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock worth $1,445,210,000 after buying an additional 80,972 shares in the last quarter. Finally, Dilation Capital Management LP bought a new stake in Howmet Aerospace during the fourth quarter valued at approximately $6,054,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Truist Financial cut their price target 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. Benchmark raised their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Finally, Barclays raised their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Four investment 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.06.

Howmet Aerospace Trading Up 0.2 %

NYSE HWM traded up $0.34 on Wednesday, hitting $137.84. The company's stock had a trading volume of 678,514 shares, compared to its average volume of 2,722,019. The firm has a market cap of $55.75 billion, a PE ratio of 48.88, a PEG ratio of 1.92 and a beta of 1.25. The company's 50-day moving average is $127.99 and its 200 day moving average is $120.24. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 1-year low of $66.37 and a 1-year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. As a group, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently declared 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. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace's payout ratio is presently 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.