Sculptor Capital LP Takes $22.97 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Sculptor Capital LP bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 210,000 shares of the company's stock, valued at approximately $22,968,000. Sculptor Capital LP owned 0.05% of Howmet Aerospace as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $156.96, for a total value of $125,568,000.00. Following the transaction, the chief executive officer now owns 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president now owns 23,044 shares in the company, valued at approximately $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last quarter. Corporate insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Performance

Shares of HWM traded down $1.30 during mid-day trading on Tuesday, reaching $164.94. 1,836,054 shares of the company's stock traded hands, compared to its average volume of 2,700,478. The business's 50-day moving average price is $135.65 and its 200-day moving average price is $125.61. The stock has a market capitalization of $66.58 billion, a P/E ratio of 58.49, a price-to-earnings-growth ratio of 1.92 and a beta of 1.37. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $166.62.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays lifted their price target on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. UBS Group lifted their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Royal Bank of Canada lifted their price target on Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Truist Financial decreased their price target on Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, BTIG Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $132.53.

Howmet Aerospace 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.