LMR Partners LLP Takes $247,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

LMR Partners LLP acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,259 shares of the company's stock, valued at approximately $247,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its holdings in shares of Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock valued at $45,000 after purchasing an additional 89 shares in the last quarter. O Neil Global Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 0.5% in the fourth quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock valued at $2,136,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of Howmet Aerospace by 6.1% in the fourth quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock valued at $183,000 after purchasing an additional 97 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in shares of Howmet Aerospace by 0.7% in the fourth quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock valued at $1,644,000 after purchasing an additional 100 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. lifted its holdings in shares of Howmet Aerospace by 1.4% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock valued at $838,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of recent research reports. Benchmark raised their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a report on Monday, May 5th. 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. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company lifted their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $132.53.

Insiders Place Their Bets

In other Howmet Aerospace news, 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 directly owns 131,859 shares of the company's stock, valued at $20,903,607.27. This trade represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the transaction, the chief executive officer now owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 831,250 shares of company stock valued at $130,517,863 over the last ninety days. 1.04% of the stock is currently owned by insiders.

Howmet Aerospace Stock Performance

NYSE:HWM traded down $0.81 during trading hours on Tuesday, reaching $165.44. The stock had a trading volume of 354,878 shares, compared to its average volume of 2,690,185. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The stock has a 50 day simple moving average of $135.65 and a 200 day simple moving average of $125.61. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $166.62. The stock has a market cap of $66.78 billion, a P/E ratio of 58.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its 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. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The business had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $0.53 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace's dividend payout ratio is currently 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.