New York State Common Retirement Fund Sells 5,200 Shares of Howmet Aerospace Inc. $HWM

New York State Common Retirement Fund lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 2.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 256,063 shares of the company’s stock after selling 5,200 shares during the period. New York State Common Retirement Fund owned about 0.06% of Howmet Aerospace worth $50,247,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HWM. Voya Investment Management LLC lifted its position in shares of Howmet Aerospace by 9.1% during the third quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock valued at $244,742,000 after buying an additional 104,207 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Howmet Aerospace by 59.2% in the 3rd quarter. Nordea Investment Management AB now owns 1,401,335 shares of the company’s stock worth $273,288,000 after buying an additional 521,180 shares during the last quarter. Shell Asset Management Co. raised its stake in shares of Howmet Aerospace by 135.6% during the 2nd quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock worth $2,312,000 after acquiring an additional 7,148 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Howmet Aerospace during the third quarter valued at approximately $1,581,000. Finally, Greenup Street Wealth Management LLC lifted its position in Howmet Aerospace by 76.3% during the third quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock valued at $4,115,000 after acquiring an additional 9,078 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 0.9%

Shares of NYSE:HWM opened at $208.96 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $226.87. The stock has a market cap of $84.01 billion, a price-to-earnings ratio of 58.70, a PEG ratio of 2.00 and a beta of 1.29. The business has a 50-day moving average price of $207.40 and a 200-day moving average price of $195.21.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the company earned $0.81 EPS. Howmet Aerospace’s quarterly revenue was up 13.8% on a year-over-year basis. Equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is presently 13.48%.

Analyst Ratings Changes

Several equities analysts have issued reports on HWM shares. BTIG Research lifted their price target on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. TD Cowen reissued a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Thursday, January 22nd. Royal Bank Of Canada increased their price target on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Susquehanna reissued a “positive” rating and issued a $255.00 price target on shares of Howmet Aerospace in a report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.53.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.