New York State Common Retirement Fund Cuts Stake in Howmet Aerospace Inc. (NYSE:HWM)

New York State Common Retirement Fund lessened its stake in Howmet Aerospace Inc. (NYSE:HWM) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 266,525 shares of the company’s stock after selling 21,976 shares during the quarter. New York State Common Retirement Fund owned 0.06% of Howmet Aerospace worth $14,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of HWM. Venturi Wealth Management LLC raised its holdings in Howmet Aerospace by 61.3% in the third quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after buying an additional 212 shares during the last quarter. Headinvest LLC purchased a new position in Howmet Aerospace in the 3rd quarter worth approximately $30,000. Lindbrook Capital LLC lifted its position in Howmet Aerospace by 34.4% in the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after acquiring an additional 229 shares in the last quarter. Blue Trust Inc. lifted its position in Howmet Aerospace by 33.1% in the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock valued at $59,000 after acquiring an additional 271 shares in the last quarter. Finally, Huntington National Bank boosted its stake in Howmet Aerospace by 24.5% during the 3rd quarter. Huntington National Bank now owns 1,315 shares of the company’s stock valued at $61,000 after purchasing an additional 259 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $67.08 on Tuesday. The stock has a market cap of $27.39 billion, a P/E ratio of 36.66, a P/E/G ratio of 1.73 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.87 and a current ratio of 1.86. The stock’s fifty day moving average is $66.06 and its 200 day moving average is $57.38. Howmet Aerospace Inc. has a one year low of $42.17 and a one year high of $69.55.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.47 by $0.06. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be given a $0.05 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. Howmet Aerospace’s payout ratio is currently 10.93%.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Barclays boosted their price target on Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 20th. Robert W. Baird raised their price target on shares of Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a report on Monday, April 8th. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, February 14th. The Goldman Sachs Group raised their target price on shares of Howmet Aerospace from $65.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada began coverage on shares of Howmet Aerospace in a research report on Monday, March 18th. They issued an “outperform” rating and a $75.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $66.00.

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.