Illinois Municipal Retirement Fund Decreases Position in Howmet Aerospace Inc. (NYSE:HWM)

Illinois Municipal Retirement Fund lowered its stake in Howmet Aerospace Inc. (NYSE:HWM) by 22.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,072 shares of the company’s stock after selling 6,954 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Howmet Aerospace were worth $2,633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. Los Angeles Capital Management LLC increased its position in Howmet Aerospace by 20.9% during the 4th quarter. Los Angeles Capital Management LLC now owns 1,665,924 shares of the company’s stock valued at $182,202,000 after purchasing an additional 287,783 shares during the period. TruNorth Capital Management LLC increased its position in Howmet Aerospace by 198.5% during the 4th quarter. TruNorth Capital Management LLC now owns 2,000 shares of the company’s stock valued at $219,000 after buying an additional 1,330 shares in the last quarter. Rothschild Investment LLC boosted its holdings in Howmet Aerospace by 61.2% in the fourth quarter. Rothschild Investment LLC now owns 832 shares of the company’s stock worth $91,000 after acquiring an additional 316 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Howmet Aerospace during the 4th quarter valued at about $1,467,000. Finally, MONECO Advisors LLC grew its holdings in shares of Howmet Aerospace by 19.9% during the fourth quarter. MONECO Advisors LLC now owns 2,745 shares of the company’s stock valued at $300,000 after buying an additional 456 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on HWM shares. Morgan Stanley lifted 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. Royal Bank of Canada increased their price target on Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. UBS Group upped their price target on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Wells Fargo & Company raised their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.28.

Howmet Aerospace Stock Up 1.2 %

Shares of NYSE:HWM opened at $133.62 on Friday. The firm has a market capitalization of $54.12 billion, a PE ratio of 47.38, a price-to-earnings-growth ratio of 1.92 and a beta of 1.50. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The firm’s 50-day moving average is $122.85 and its two-hundred day moving average is $110.73.

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

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. This is a positive change 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 annualized dividend and a yield of 0.30%. Howmet Aerospace’s payout ratio is 14.18%.

Howmet Aerospace 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.