California State Teachers Retirement System Sells 38,563 Shares of Howmet Aerospace Inc. (NYSE:HWM)

California State Teachers Retirement System reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 679,179 shares of the company’s stock after selling 38,563 shares during the quarter. California State Teachers Retirement System’s holdings in Howmet Aerospace were worth $74,282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB raised its position in shares of Howmet Aerospace by 45.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 7,397 shares of the company’s stock valued at $742,000 after purchasing an additional 2,324 shares during the last quarter. Tidal Investments LLC lifted its position in Howmet Aerospace by 60.0% in the third quarter. Tidal Investments LLC now owns 56,490 shares of the company’s stock valued at $5,663,000 after buying an additional 21,176 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Howmet Aerospace by 58.0% in the third quarter. Franklin Resources Inc. now owns 570,476 shares of the company’s stock valued at $58,559,000 after buying an additional 209,492 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Howmet Aerospace in the 3rd quarter valued at approximately $3,388,000. Finally, Retirement Systems of Alabama increased its stake in shares of Howmet Aerospace by 332.6% during the third quarter. Retirement Systems of Alabama now owns 370,027 shares of the company’s stock worth $37,095,000 after buying an additional 284,487 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 0.4 %

Shares of Howmet Aerospace stock opened at $136.27 on Tuesday. Howmet Aerospace Inc. has a 1 year low of $66.33 and a 1 year high of $140.55. The firm’s 50-day moving average is $128.00 and its two-hundred day moving average is $120.12. 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 stock has a market cap of $55.12 billion, a price-to-earnings ratio of 48.32, a PEG ratio of 1.92 and a beta of 1.25.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during 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%. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

Analysts Set New Price Targets

A number of brokerages have recently commented on HWM. The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Truist Financial cut their price objective on shares of Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Morgan Stanley increased 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. Finally, Benchmark lifted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Four analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.06.

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.