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

ExodusPoint Capital Management LP decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,863 shares of the company’s stock after selling 2,364 shares during the quarter. 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 institutional investors and hedge funds also recently added to or reduced their stakes in HWM. Westpac Banking Corp raised its holdings in Howmet Aerospace by 458.7% in the 4th quarter. Westpac Banking Corp now owns 44,767 shares of the company’s stock valued at $4,896,000 after buying an additional 36,755 shares during the period. Cinctive Capital Management LP acquired a new stake in shares of Howmet Aerospace during the fourth quarter valued at about $547,000. Huntington National Bank increased its position in shares of Howmet Aerospace by 14.3% during the fourth quarter. Huntington National Bank now owns 1,744 shares of the company’s stock valued at $191,000 after acquiring an additional 218 shares during the last quarter. Meeder Advisory Services Inc. raised its stake in shares of Howmet Aerospace by 21.2% in the 4th quarter. Meeder Advisory Services Inc. now owns 5,131 shares of the company’s stock valued at $561,000 after acquiring an additional 899 shares during the period. Finally, Groupama Asset Managment lifted its holdings in shares of Howmet Aerospace by 104.2% in the 4th quarter. Groupama Asset Managment now owns 19,254 shares of the company’s stock worth $2,123,000 after acquiring an additional 9,823 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on HWM shares. The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Truist Financial reaffirmed a “buy” rating and issued a $140.00 price objective (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. 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 report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $112.32 on Friday. The company 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. The firm has a fifty day moving average price of $129.39 and a 200 day moving average price of $117.00. 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 Inc. has a 12 month low of $62.80 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM) 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. 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 fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 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.