Worldquant Millennium Advisors LLC Has $35.55 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Worldquant Millennium Advisors LLC cut its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 54.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325,020 shares of the company's stock after selling 386,449 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.08% of Howmet Aerospace worth $35,547,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Private Trust Co. NA boosted its stake in Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after buying an additional 89 shares in the last quarter. O Neil Global Advisors Inc. increased its holdings in shares of Howmet Aerospace by 0.5% during the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after buying an additional 90 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Howmet Aerospace by 0.7% during the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock worth $1,644,000 after buying an additional 100 shares in the last quarter. Guyasuta Investment Advisors Inc. increased its holdings in shares of Howmet Aerospace by 1.4% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock worth $838,000 after buying an additional 104 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Howmet Aerospace by 2.6% during the fourth quarter. Signaturefd LLC now owns 4,392 shares of the company's stock worth $480,000 after buying an additional 113 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on HWM shares. Benchmark upped their price target on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Royal Bank of Canada upped their price target 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. Barclays upped their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Truist Financial cut their target price on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, UBS Group lifted their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.53.

Insider Transactions at Howmet Aerospace

In other news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the sale, the vice president now owns 23,044 shares of the company's stock, valued at $3,575,737.48. This trade represents a 5.15% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO John C. Plant sold 800,000 shares of the firm's 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 sale, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock valued at $130,517,863 in the last quarter. 1.04% of the stock is currently owned by company insiders.

Howmet Aerospace Trading Up 1.3%

HWM stock traded up $2.04 during midday trading on Friday, hitting $165.05. The stock had a trading volume of 2,045,006 shares, compared to its average volume of 2,697,740. The firm has a market cap of $66.63 billion, a P/E ratio of 58.53, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. 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 Inc. has a 1-year low of $76.83 and a 1-year high of $166.50. The business has a fifty day moving average price of $138.63 and a two-hundred day moving average price of $127.09.

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, beating the consensus estimate of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Howmet Aerospace's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.24%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is 13.03%.

Howmet Aerospace Company 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.