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

Public Employees Retirement Association of Colorado lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,518 shares of the company’s stock after selling 1,130 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Howmet Aerospace were worth $2,910,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Whittier Trust Co. raised its position in shares of Howmet Aerospace by 81.4% during the 1st quarter. Whittier Trust Co. now owns 508 shares of the company’s stock worth $35,000 after acquiring an additional 228 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Howmet Aerospace by 34.4% during the fourth quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after purchasing an additional 229 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Howmet Aerospace by 62.9% during the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock worth $53,000 after buying an additional 377 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at $68,000. Finally, S.A. Mason LLC grew its holdings in shares of Howmet Aerospace by 31.8% during the first quarter. S.A. Mason LLC now owns 1,035 shares of the company’s stock worth $71,000 after purchasing an additional 250 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 11.9 %

HWM opened at $92.74 on Tuesday. Howmet Aerospace Inc. has a 12 month low of $42.94 and a 12 month high of $93.99. The business has a 50-day moving average of $81.20 and a two-hundred day moving average of $71.18. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. The stock has a market capitalization of $37.85 billion, a price-to-earnings ratio of 40.02, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.83 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. Howmet Aerospace’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. On average, research analysts expect that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Friday, August 9th will be paid a $0.08 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a dividend yield of 0.35%. Howmet Aerospace’s payout ratio is currently 9.66%.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 32,614 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total transaction of $2,748,055.64. Following the completion of the sale, the executive vice president now directly owns 217,687 shares in the company, valued at $18,342,306.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.12% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of recent research reports. BTIG Research started coverage on shares of Howmet Aerospace in a research report on Wednesday, June 26th. They issued a “buy” rating and a $95.00 price target for the company. Benchmark increased their price objective on Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Truist Financial boosted their target price on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. KeyCorp upped their price target on shares of Howmet Aerospace from $70.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Finally, Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $72.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.76.

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.