Bayesian Capital Management LP Has $1.35 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Bayesian Capital Management LP reduced its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 35.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,371 shares of the company's stock after selling 6,800 shares during the quarter. Bayesian Capital Management LP's holdings in Howmet Aerospace were worth $1,353,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HWM. Vanguard Group Inc. lifted its holdings in shares of Howmet Aerospace by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after purchasing an additional 352,256 shares in the last quarter. JPMorgan Chase & Co. raised its holdings 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 buying an additional 2,486,649 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Howmet Aerospace by 0.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock worth $1,445,210,000 after acquiring an additional 80,972 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Howmet Aerospace by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock worth $1,070,267,000 after acquiring an additional 308,574 shares during the period. Finally, Norges Bank acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $1,001,558,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded up $0.50 on Thursday, hitting $157.62. The company had a trading volume of 2,805,359 shares, compared to its average volume of 2,672,389. Howmet Aerospace Inc. has a 52 week low of $76.83 and a 52 week high of $159.64. The company has a market cap of $63.75 billion, a PE ratio of 55.89, a PEG ratio of 1.92 and a beta of 1.37. The business has a 50-day simple moving average of $130.32 and a 200-day simple moving average of $122.07. 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 released its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The firm had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace's revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS 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 paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio is presently 13.03%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.53.

Insider Transactions at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This represents a 5.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.12% of the stock is currently owned by insiders.

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.