Schonfeld Strategic Advisors LLC Has $15.16 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

Schonfeld Strategic Advisors LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 52.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 138,590 shares of the company's stock after buying an additional 47,963 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Howmet Aerospace were worth $15,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lido Advisors LLC acquired a new position in shares of Howmet Aerospace in the fourth quarter worth $220,000. Northern Trust Corp grew its stake in Howmet Aerospace by 10.5% in the fourth quarter. Northern Trust Corp now owns 3,676,908 shares of the company's stock valued at $402,143,000 after purchasing an additional 349,384 shares in the last quarter. Optiver Holding B.V. increased its position in Howmet Aerospace by 143.6% in the 4th quarter. Optiver Holding B.V. now owns 743 shares of the company's stock worth $81,000 after purchasing an additional 438 shares during the last quarter. Prosperity Consulting Group LLC raised its stake in shares of Howmet Aerospace by 6.3% during the 4th quarter. Prosperity Consulting Group LLC now owns 5,405 shares of the company's stock worth $591,000 after purchasing an additional 321 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $31,136,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded up $6.13 during trading on Friday, hitting $154.16. 3,651,795 shares of the company's stock traded hands, compared to its average volume of 2,702,761. The company has a market cap of $62.35 billion, a PE ratio of 54.67, a PEG ratio of 1.92 and a beta of 1.25. The firm's fifty day moving average price is $129.01 and its 200 day moving average price is $121.03. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $154.73. 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 quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.09. The company 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%. The company's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. Analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.26%. Howmet Aerospace's payout ratio is presently 14.18%.

Wall Street Analyst Weigh In

Several research firms have commented on HWM. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Barclays upped their price objective 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. The Goldman Sachs Group raised their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. 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. Finally, Truist Financial lowered their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $130.17.

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.