Jump Financial LLC Grows Stake in Howmet Aerospace Inc. (NYSE:HWM)

Jump Financial LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 143.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,184 shares of the company's stock after acquiring an additional 48,985 shares during the quarter. Jump Financial LLC's holdings in Howmet Aerospace were worth $4,502,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC lifted its stake in shares of Howmet Aerospace by 61.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock valued at $26,000 after buying an additional 212 shares in the last quarter. Headinvest LLC purchased a new stake in shares of Howmet Aerospace during the 3rd quarter valued at approximately $30,000. Lindbrook Capital LLC lifted its stake in shares of Howmet Aerospace by 34.4% during the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company's stock valued at $48,000 after buying an additional 229 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Howmet Aerospace by 33.1% during the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company's stock valued at $59,000 after buying an additional 271 shares in the last quarter. Finally, Huntington National Bank lifted its stake in shares of Howmet Aerospace by 24.5% during the 3rd quarter. Huntington National Bank now owns 1,315 shares of the company's stock valued at $61,000 after buying an additional 259 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HWM has been the topic of a number of recent research reports. KeyCorp upped their price target on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. Royal Bank of Canada upped their target price on shares of Howmet Aerospace from $75.00 to $90.00 and gave the stock an "outperform" rating in a report on Friday, May 3rd. Barclays upped their target price on shares of Howmet Aerospace from $65.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 6th. Truist Financial upped their target price on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. Finally, UBS Group upped their target price on shares of Howmet Aerospace from $57.00 to $66.00 and gave the stock a "neutral" rating in a report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $73.67.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded down $1.16 during trading on Friday, reaching $80.87. The company had a trading volume of 3,147,698 shares, compared to its average volume of 3,716,997. The company has a fifty day moving average of $68.14 and a two-hundred day moving average of $59.25. The stock has a market capitalization of $33.01 billion, a P/E ratio of 39.07, a price-to-earnings-growth ratio of 1.64 and a beta of 1.41. Howmet Aerospace Inc. has a 12 month low of $42.17 and a 12 month high of $82.81. The company has a current ratio of 1.97, a quick ratio of 0.92 and a debt-to-equity ratio of 0.86.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.05. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The firm had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. Equities research analysts forecast that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace's dividend payout ratio is currently 9.66%.

Insider Activity at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now owns 229,568 shares of the company's stock, valued at approximately $15,482,065.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.12% of the stock is owned by insiders.

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.

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