DRW Securities LLC Sells 3,282 Shares of Howmet Aerospace Inc. (NYSE:HWM)

DRW Securities LLC cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 54.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,733 shares of the company’s stock after selling 3,282 shares during the quarter. DRW Securities LLC’s holdings in Howmet Aerospace were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Vista Investment Partners LLC bought a new position in Howmet Aerospace in the 4th quarter worth approximately $531,000. Genesis Private Wealth LLC bought a new position in shares of Howmet Aerospace in the fourth quarter worth $249,000. Ameritas Advisory Services LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at $289,000. Geneos Wealth Management Inc. raised its stake in shares of Howmet Aerospace by 303.1% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,960 shares of the company’s stock valued at $1,199,000 after purchasing an additional 8,241 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in Howmet Aerospace by 150.5% during the 4th quarter. Park Avenue Securities LLC now owns 10,707 shares of the company’s stock worth $1,171,000 after purchasing an additional 6,433 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $124.25 on Friday. The stock has a market capitalization of $50.32 billion, a price-to-earnings ratio of 44.06, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25. The company has a fifty day moving average of $128.80 and a 200-day moving average of $117.84. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. 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 (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.32%. Howmet Aerospace’s payout ratio is currently 14.18%.

Analysts Set New Price Targets

HWM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted 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. Truist Financial reaffirmed a “buy” rating and set a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group boosted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, Northcoast Research upgraded Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $123.28.

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.