Treasurer of the State of North Carolina Has $20.01 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Treasurer of the State of North Carolina grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 0.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 182,953 shares of the company’s stock after buying an additional 810 shares during the period. Treasurer of the State of North Carolina’s holdings in Howmet Aerospace were worth $20,010,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace during the fourth quarter worth about $25,000. Meeder Asset Management Inc. raised its holdings in shares of Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock valued at $25,000 after buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace during the 4th quarter worth about $25,000. R Squared Ltd acquired a new position in Howmet Aerospace during the 4th quarter worth about $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.2 %

NYSE HWM opened at $125.69 on Friday. The stock has a market capitalization of $50.91 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55. The stock’s 50 day moving average price is $128.80 and its two-hundred day moving average price is $118.02. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. As a group, analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace’s dividend payout ratio is presently 14.18%.

Analysts Set New Price Targets

Several research firms have issued reports on HWM. 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. Barclays raised 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. Wells Fargo & Company cut their target price on shares of Howmet Aerospace from $146.00 to $132.00 and set an “overweight” rating on the stock in a research report on Tuesday. Morgan Stanley boosted their price target on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Finally, The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $123.28.

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.