Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,467 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,383 shares of the company’s stock after selling 2,467 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Howmet Aerospace were worth $9,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. R Squared Ltd purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $33,000. Hanson & Doremus Investment Management purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $34,000. Finally, ORG Partners LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $44,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HWM shares. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Morgan Stanley upped their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group increased their price target on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Barclays increased their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Price Performance

HWM opened at $130.70 on Friday. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The business’s fifty day simple moving average is $128.09 and its 200-day simple moving average is $114.31. The company has a market capitalization of $52.94 billion, a price-to-earnings ratio of 46.35, a PEG ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last posted 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 business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio is presently 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.