Kensico Capital Management Corp Has $587.90 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Kensico Capital Management Corp trimmed its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,375,300 shares of the company's stock after selling 83,000 shares during the quarter. Howmet Aerospace comprises approximately 13.4% of Kensico Capital Management Corp's holdings, making the stock its 2nd biggest position. Kensico Capital Management Corp owned about 1.32% of Howmet Aerospace worth $587,897,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Wealth increased its holdings in Howmet Aerospace by 11.2% in the 4th quarter. Focus Partners Wealth now owns 15,423 shares of the company's stock worth $1,687,000 after acquiring an additional 1,548 shares in the last quarter. Fiduciary Trust Co purchased a new stake in Howmet Aerospace in the 4th quarter worth approximately $601,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Howmet Aerospace by 94.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 10,700 shares of the company's stock worth $1,170,000 after acquiring an additional 5,211 shares in the last quarter. EP Wealth Advisors LLC increased its holdings in Howmet Aerospace by 20.6% in the 4th quarter. EP Wealth Advisors LLC now owns 2,988 shares of the company's stock worth $327,000 after acquiring an additional 511 shares in the last quarter. Finally, Colonial Trust Co SC grew its holdings in Howmet Aerospace by 64.5% during the 4th quarter. Colonial Trust Co SC now owns 556 shares of the company's stock valued at $61,000 after buying an additional 218 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Barbara Lou Shultz sold 1,250 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the completion of the sale, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the sale, the executive vice president now owns 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 over the last three months. 1.12% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. Benchmark increased their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. 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. Truist Financial cut their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, The Goldman Sachs Group increased their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $132.53.

Howmet Aerospace Price Performance

Shares of HWM stock traded up $1.00 on Wednesday, reaching $159.30. The company's stock had a trading volume of 3,504,727 shares, compared to its average volume of 2,689,551. The stock's fifty day simple moving average is $133.35 and its 200-day simple moving average is $123.97. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $161.58. 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 market capitalization of $64.31 billion, a price-to-earnings ratio of 56.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $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 business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.25%. Howmet Aerospace's dividend payout ratio is presently 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.