Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,900 shares of the company’s stock after selling 1,100 shares during the period. Louisiana State Employees Retirement System’s holdings in Howmet Aerospace were worth $2,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. RiverPark Advisors LLC acquired a new stake in shares of Howmet Aerospace during the third quarter valued at about $26,000. R Squared Ltd acquired a new stake in Howmet Aerospace during the 4th quarter valued at approximately $26,000. Hollencrest Capital Management purchased a new stake in Howmet Aerospace during the 3rd quarter worth approximately $30,000. Global Trust Asset Management LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $33,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Howmet Aerospace during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HWM shares. UBS Group lifted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Royal Bank of Canada increased their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird increased their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. One investment 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.76.

Howmet Aerospace Stock Performance

HWM opened at $133.66 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $118.75 and its 200-day moving average is $107.74. The stock has a market cap of $54.30 billion, a PE ratio of 51.02, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. Howmet Aerospace Inc. has a twelve month low of $62.70 and a twelve month high of $133.92.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a return on equity of 24.50% and a net margin of 14.81%. On average, analysts predict that Howmet Aerospace Inc. will post 2.66 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Friday, February 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is currently 12.21%.

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.