Two Sigma Investments LP Cuts Position in Howmet Aerospace Inc. (NYSE:HWM)

Two Sigma Investments LP lowered its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 29.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,489 shares of the company's stock after selling 18,400 shares during the period. Two Sigma Investments LP's holdings in Howmet Aerospace were worth $4,866,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $25,000. Meeder Asset Management Inc. increased 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 acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $25,000. R Squared Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter worth $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays increased their price objective 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. UBS Group increased their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $150.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $132.53.

Howmet Aerospace Stock Down 0.1%

NYSE HWM traded down $0.11 on Friday, hitting $169.98. 4,749,584 shares of the stock were exchanged, compared to its average volume of 2,715,330. The company has a 50-day moving average price of $142.16 and a 200-day moving average price of $129.01. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $171.52. 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 company has a market cap of $68.62 billion, a PE ratio of 60.28, 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 earnings per share (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 business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The company's revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.

Insider Activity

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the completion of the transaction, the chief executive officer now owns 236,544 shares in the company, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president now 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 831,250 shares of company stock worth $130,517,863. Corporate insiders own 1.04% of the company's stock.

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.