Two Sigma Advisers LP Has $875,000 Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Two Sigma Advisers LP increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 15.9% during the fourth quarter, HoldingsChannel reports. The fund owned 8,000 shares of the company’s stock after acquiring an additional 1,100 shares during the quarter. Two Sigma Advisers LP’s holdings in Howmet Aerospace were worth $875,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HWM. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Howmet Aerospace in the 4th quarter worth about $25,000. Meeder Asset Management Inc. increased its stake 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 buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $25,000. R Squared Ltd purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HWM shares. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Royal Bank of Canada increased their price objective on shares of Howmet Aerospace from $150.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Finally, UBS Group increased their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.53.

Insider Buying and Selling

In related news, CEO John C. Plant sold 800,000 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the completion of the transaction, the chief executive officer now directly owns 236,544 shares of the company’s stock, valued at approximately $37,127,946.24. This trade represents a 77.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president now directly owns 23,044 shares of the company’s stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.04% of the company’s stock.

Howmet Aerospace Trading Down 0.1%

Shares of HWM stock opened at $169.98 on Monday. The company has a 50 day moving average of $142.16 and a 200-day moving average of $129.12. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 12-month low of $76.83 and a 12-month high of $171.52. The firm has a market cap of $68.62 billion, a P/E ratio of 60.28, a PEG ratio of 1.92 and a beta of 1.37.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Howmet Aerospace’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. Sell-side analysts anticipate 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 was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.03%.

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.