Tyro Capital Management LLC Makes New Investment in Howmet Aerospace Inc. (NYSE:HWM)

Tyro Capital Management LLC recently acquired a new position in Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, as disclosed in its latest filing with the Securities and Exchange Commission. The fund purchased 276,592 shares of Howmet Aerospace stock, valued at approximately $14,969,000. This investment represents about 10.6% of Tyro Capital Management LLC’s holdings, ranking Howmet Aerospace as its 4th largest holding. It’s worth noting that Tyro Capital Management LLC now owns approximately 0.07% of Howmet Aerospace.

Other institutional investors and hedge funds have also made adjustments to their holdings of Howmet Aerospace. Schroder Investment Management Group, Vinva Investment Management Ltd, Cibc World Markets Corp, Tower Research Capital LLC TRC, and Capital World Investors are among those who have increased their positions in the company.

In related news, EVP Neil Edward Marchuk recently sold 32,614 shares of Howmet Aerospace stock, with the transaction amounting to $2,748,055.64. Following this sale, the executive vice president now holds 217,687 shares of the company’s stock, valued at $18,342,306.62. Company insiders currently own 1.12% of Howmet Aerospace’s stock.

Howmet Aerospace stock saw an increase of 0.6% during midday trading on Friday, reaching $83.78. The stock has a market capitalization of $34.20 billion, with a P/E ratio of 40.47 and a beta of 1.50. Analysts anticipate that Howmet Aerospace Inc. will post 2.39 EPS for the current year.

The company recently declared a quarterly dividend and analysts have set new price targets for the stock. Various analysts have provided ratings and price objectives for Howmet Aerospace, with the stock currently holding an average rating of “Moderate Buy” and a consensus target price of $75.00.

Howmet Aerospace Inc. provides advanced engineered solutions for the aerospace and transportation industries globally, operating through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

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