Symmetry Investments LP Decreases Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Symmetry Investments LP trimmed its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 30.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,400 shares of the company's stock after selling 3,600 shares during the period. Symmetry Investments LP's holdings in Howmet Aerospace were worth $919,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HWM. Truist Financial reduced their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Benchmark lifted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research report on Monday, April 21st. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Morgan Stanley boosted their target price on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average target price of $125.06.

Howmet Aerospace Stock Down 0.3 %

NYSE:HWM traded down $0.47 during trading hours on Monday, reaching $135.29. 1,524,107 shares of the company traded hands, compared to its average volume of 2,732,679. Howmet Aerospace Inc. has a 1 year low of $66.33 and a 1 year high of $140.55. The stock has a market capitalization of $54.72 billion, a P/E ratio of 47.94, a P/E/G ratio of 1.92 and a beta of 1.25. The business's 50-day moving average price is $128.06 and its two-hundred day moving average price is $119.90. 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 announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 0.30%. 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.