Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 2.5% in the third quarter, Holdings Channel.com reports. The fund owned 30,016 shares of the company’s stock after selling 776 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Howmet Aerospace were worth $3,009,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Lone Pine Capital LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at about $284,539,000. D. E. Shaw & Co. Inc. increased its holdings in Howmet Aerospace by 1,168.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,161,604 shares of the company’s stock valued at $90,175,000 after buying an additional 1,070,049 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Howmet Aerospace by 341.7% in the second quarter. Renaissance Technologies LLC now owns 709,400 shares of the company’s stock valued at $55,071,000 after buying an additional 548,800 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Howmet Aerospace by 579.8% during the 2nd quarter. Natixis Advisors LLC now owns 592,463 shares of the company’s stock valued at $45,993,000 after acquiring an additional 505,306 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Howmet Aerospace by 695.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 558,017 shares of the company’s stock worth $55,941,000 after acquiring an additional 487,880 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $113.43 on Friday. The stock has a fifty day moving average price of $110.03 and a 200 day moving average price of $96.07. Howmet Aerospace Inc. has a 52 week low of $52.36 and a 52 week high of $120.71. The firm has a market capitalization of $46.08 billion, a P/E ratio of 43.29, a PEG ratio of 1.56 and a beta of 1.48. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a $0.08 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 annualized dividend and a dividend yield of 0.28%. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Susquehanna raised their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research note on Thursday, November 7th. Truist Financial raised their price target on Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Bank of America boosted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th. Barclays raised their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.59.

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.