Public Employees Retirement Association of Colorado Sells 734 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Public Employees Retirement Association of Colorado trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 1.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 39,742 shares of the company’s stock after selling 734 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Howmet Aerospace were worth $4,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB increased its holdings in Howmet Aerospace by 45.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,397 shares of the company’s stock worth $742,000 after purchasing an additional 2,324 shares in the last quarter. Tidal Investments LLC increased its holdings in Howmet Aerospace by 60.0% during the 3rd quarter. Tidal Investments LLC now owns 56,490 shares of the company’s stock worth $5,663,000 after purchasing an additional 21,176 shares in the last quarter. Franklin Resources Inc. increased its holdings in Howmet Aerospace by 58.0% during the 3rd quarter. Franklin Resources Inc. now owns 570,476 shares of the company’s stock worth $58,559,000 after purchasing an additional 209,492 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Howmet Aerospace during the 3rd quarter worth approximately $3,388,000. Finally, Retirement Systems of Alabama increased its holdings in Howmet Aerospace by 332.6% during the 3rd quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock worth $37,095,000 after purchasing an additional 284,487 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Morgan Stanley boosted 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. Truist Financial decreased their price objective on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Wells Fargo & Company reissued an “equal weight” rating and set a $118.00 price objective (down from $132.00) on shares of Howmet Aerospace in a report on Tuesday, April 15th. Barclays upped their target price on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $125.06.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $137.49 on Wednesday. Howmet Aerospace Inc. has a 12 month low of $66.37 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 50 day simple moving average is $127.99 and its 200 day simple moving average is $120.24. The company has a market cap of $55.61 billion, a price-to-earnings ratio of 48.76, a PEG ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

About Howmet Aerospace

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.