AQR Capital Management LLC Decreases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

AQR Capital Management LLC lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,809,747 shares of the company's stock after selling 147,021 shares during the period. AQR Capital Management LLC owned approximately 0.45% of Howmet Aerospace worth $197,932,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace in the fourth quarter worth about $25,000. Meeder Asset Management Inc. increased its holdings in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after acquiring an additional 154 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at $25,000. R Squared Ltd acquired a new position in Howmet Aerospace during the fourth quarter valued at $26,000. Finally, Washington Trust Advisors Inc. acquired a new position in Howmet Aerospace during the fourth quarter valued at $29,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 19th. Wells Fargo & Company reissued an "equal weight" rating and set a $118.00 target price (down from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Truist Financial reduced their target price 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 raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $125.06.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded up $9.49 on Thursday, hitting $148.07. The company had a trading volume of 4,818,688 shares, compared to its average volume of 2,723,608. The business has a 50 day moving average of $128.53 and a 200 day moving average of $120.68. Howmet Aerospace Inc. has a 52-week low of $73.92 and a 52-week high of $150.35. The company has a market cap of $59.89 billion, a PE ratio of 52.51, a PEG ratio of 1.92 and a beta of 1.25. 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 (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the company posted $0.53 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.18%.

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.