Graham Capital Management L.P. Sells 21,943 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Graham Capital Management L.P. lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 80.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,231 shares of the company's stock after selling 21,943 shares during the quarter. Graham Capital Management L.P.'s holdings in Howmet Aerospace were worth $572,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in HWM. Vista Investment Partners LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter worth approximately $531,000. Genesis Private Wealth LLC purchased a new stake in Howmet Aerospace in the fourth quarter worth $249,000. Ameritas Advisory Services LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at $289,000. Geneos Wealth Management Inc. raised its holdings in Howmet Aerospace by 303.1% in the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company's stock worth $1,199,000 after purchasing an additional 8,241 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in Howmet Aerospace by 150.5% in the fourth quarter. Park Avenue Securities LLC now owns 10,707 shares of the company's stock worth $1,171,000 after buying an additional 6,433 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on HWM. Barclays increased their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. UBS Group increased their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday, May 2nd. Truist Financial decreased their price objective on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Northcoast Research upgraded 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 assigned a buy rating to the stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average target price of $132.53.

Insider Activity at Howmet Aerospace

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

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded up $3.33 during trading on Monday, hitting $166.13. 2,585,396 shares of the company's stock traded hands, compared to its average volume of 2,699,299. 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 Inc. has a 1 year low of $76.83 and a 1 year high of $166.32. The stock has a market capitalization of $67.06 billion, a P/E ratio of 58.91, a PEG ratio of 1.92 and a beta of 1.37. The business has a 50-day simple moving average of $134.88 and a 200-day simple moving average of $125.15.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS 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 analysts' expectations of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Howmet Aerospace's revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. As a group, analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's payout ratio is 13.03%.

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.