ExodusPoint Capital Management LP Reduces Holdings in Howmet Aerospace Inc. (NYSE:HWM)

ExodusPoint Capital Management LP reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 3.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 60,863 shares of the company’s stock after selling 2,364 shares during the period. ExodusPoint Capital Management LP’s holdings in Howmet Aerospace were worth $6,657,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HWM. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace in the fourth quarter valued at approximately $25,000. Meeder Asset Management Inc. raised its position in Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. R Squared Ltd acquired a new stake in Howmet Aerospace during the 4th quarter worth $26,000. Washington Trust Advisors Inc. purchased a new position in Howmet Aerospace during the 4th quarter worth $29,000. Finally, Global Trust Asset Management LLC acquired a new position in Howmet Aerospace in the fourth quarter valued at $33,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HWM has been the subject of several recent research reports. Truist Financial reiterated a “buy” rating and set a $140.00 target price (up previously from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Wells Fargo & Company lifted their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Barclays upped 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. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Performance

Shares of HWM opened at $112.32 on Friday. The company has a 50-day moving average of $129.39 and a two-hundred day moving average of $117.00. The stock has a market cap of $45.49 billion, a P/E ratio of 39.83, a PEG ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. 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) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

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.