D. E. Shaw & Co. Inc. Has $2.39 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

D. E. Shaw & Co. Inc. cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 95.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,828 shares of the company's stock after selling 462,991 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Howmet Aerospace were worth $2,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at $25,000. Meeder Asset Management Inc. raised its stake in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Howmet Aerospace in the fourth quarter worth about $25,000. R Squared Ltd bought a new position in shares of Howmet Aerospace in the fourth quarter worth about $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter valued at approximately $29,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 1.3%

Shares of Howmet Aerospace stock traded up $2.04 during trading hours on Friday, reaching $165.05. 2,045,006 shares of the company's stock were exchanged, compared to its average volume of 2,697,829. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $166.50. The firm has a market capitalization of $66.63 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The company has a fifty day moving average of $138.63 and a 200-day moving average of $127.01. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period last year, the company posted $0.53 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid 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 dividend yield of 0.24%. Howmet Aerospace's dividend payout ratio is presently 13.03%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HWM shares. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Morgan Stanley upped their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada boosted their price target on Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.53.

Insider Activity

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace 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 completion of the transaction, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the transaction, the executive vice president now owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock worth $130,517,863 over the last ninety days. Corporate insiders own 1.04% of the company's stock.

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.