New York State Teachers Retirement System Sells 889 Shares of Howmet Aerospace Inc. (NYSE:HWM)

New York State Teachers Retirement System reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 319,747 shares of the company’s stock after selling 889 shares during the period. New York State Teachers Retirement System owned 0.08% of Howmet Aerospace worth $34,971,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HWM. Stifel Financial Corp grew its holdings in Howmet Aerospace by 12.1% in the third quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock worth $26,450,000 after purchasing an additional 28,568 shares during the period. Vista Investment Partners LLC purchased a new stake in Howmet Aerospace in the fourth quarter worth about $531,000. Genesis Private Wealth LLC purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $249,000. Oppenheimer & Co. Inc. grew its holdings in shares of Howmet Aerospace by 135.9% during the third quarter. Oppenheimer & Co. Inc. now owns 26,159 shares of the company’s stock valued at $2,622,000 after buying an additional 15,070 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Howmet Aerospace during the fourth quarter valued at approximately $289,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HWM shares. Truist Financial reiterated a “buy” rating and set a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday. Royal Bank of Canada increased their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday. Susquehanna increased their price target on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. Finally, Barclays raised their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.76.

Howmet Aerospace Stock Up 4.4 %

HWM stock opened at $133.66 on Friday. The firm’s fifty day simple moving average is $119.05 and its 200-day simple moving average is $108.19. The company has a market capitalization of $54.30 billion, a P/E ratio of 51.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 12 month low of $62.70 and a 12 month high of $133.92.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 2.66 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is 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.