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

DRW Securities LLC reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 54.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,733 shares of the company’s stock after selling 3,282 shares during the period. DRW Securities LLC’s holdings in Howmet Aerospace were worth $299,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HWM. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace in the 4th quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its stake in Howmet Aerospace by 208.1% in 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 period. Aster Capital Management DIFC Ltd bought a new stake in Howmet Aerospace in the fourth quarter valued at $25,000. R Squared Ltd bought a new stake 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 during the 4th quarter valued at approximately $29,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on HWM shares. Morgan Stanley boosted their target price 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. 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 research note on Friday, February 14th. Truist Financial reiterated a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of Howmet Aerospace from $146.00 to $132.00 and set an “overweight” rating for the company in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Price Performance

NYSE HWM opened at $124.25 on Friday. The business’s fifty day moving average is $128.80 and its 200 day moving average is $117.84. Howmet Aerospace Inc. has a fifty-two week low of $62.80 and a fifty-two 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. The company has a market capitalization of $50.32 billion, a PE ratio of 44.06, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

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.