Howmet Aerospace Inc. (NYSE:HWM) Holdings Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,123 shares of the company’s stock after selling 11,993 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Howmet Aerospace were worth $16,881,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pinpoint Asset Management Ltd raised its position in Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after buying an additional 71 shares during the period. Hemington Wealth Management raised its position in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after buying an additional 81 shares during the period. GPS Wealth Strategies Group LLC raised its position in Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company’s stock valued at $34,000 after buying an additional 141 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace during the fourth quarter valued at $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after buying an additional 140 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

HWM opened at $170.95 on Friday. The firm has a market capitalization of $68.92 billion, a P/E ratio of 49.99, a price-to-earnings-growth ratio of 2.22 and a beta of 1.48. The stock’s 50 day moving average price is $179.83 and its two-hundred day moving average price is $153.02. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 12-month low of $90.71 and a 12-month high of $193.26.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.67 EPS. The company’s revenue was up 9.2% on a year-over-year basis. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 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 25th. Shareholders of record on Friday, August 8th will be given a $0.12 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.10. Howmet Aerospace’s dividend payout ratio is 14.04%.

Analyst Ratings Changes

Several research analysts have weighed in on HWM shares. BTIG Research set a $205.00 target price on Howmet Aerospace and gave the stock a “buy” rating in a research report on Monday, August 4th. UBS Group raised their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, May 2nd. Susquehanna raised their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock a “positive” rating in a research note on Monday, July 14th. Morgan Stanley raised their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company raised their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $172.13.

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.