Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 851,983 shares of the company's stock after selling 15,217 shares during the period. Balyasny Asset Management L.P. owned about 0.21% of Howmet Aerospace worth $93,181,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HWM. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $25,000. Meeder Asset Management Inc. lifted its position in shares of Howmet Aerospace by 208.1% in the 4th 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 last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. R Squared Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $154.16 on Monday. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The company has a 50-day moving average of $129.01 and a 200-day moving average of $121.24. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $154.73. The firm has a market cap of $62.35 billion, a price-to-earnings ratio of 54.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 15.55% and a return on equity of 25.74%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.53 earnings per share. Analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is currently 13.03%.

Analyst Upgrades and Downgrades

HWM has been the subject of several recent research reports. Wells Fargo & Company upped their target price on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday. Barclays increased their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a report on Wednesday, February 19th. Truist Financial dropped their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, The Goldman Sachs Group boosted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.17.

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.

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