Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 368,399 shares of the company’s stock after selling 1,628 shares during the quarter. Retirement Systems of Alabama owned 0.09% of Howmet Aerospace worth $40,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brooklyn Investment Group lifted its position in Howmet Aerospace by 6.1% during the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company’s stock worth $183,000 after acquiring an additional 97 shares in the last quarter. Caprock Group LLC lifted its position in shares of Howmet Aerospace by 1.0% during the third quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock worth $1,121,000 after purchasing an additional 106 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Howmet Aerospace by 4.1% during the fourth quarter. Perigon Wealth Management LLC now owns 2,904 shares of the company’s stock worth $318,000 after purchasing an additional 115 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Howmet Aerospace by 18.7% in the fourth quarter. Versant Capital Management Inc now owns 744 shares of the company’s stock valued at $81,000 after purchasing an additional 117 shares during the period. Finally, Avitas Wealth Management LLC grew its holdings in Howmet Aerospace by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 24,692 shares of the company’s stock valued at $2,701,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $127.89 on Thursday. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average of $117.36 and a two-hundred day moving average of $105.80. The company has a market cap of $51.96 billion, a P/E ratio of 48.81, a PEG ratio of 1.43 and a beta of 1.50. Howmet Aerospace Inc. has a 52 week low of $57.66 and a 52 week high of $129.10.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be paid a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is presently 12.21%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of analyst reports. Bank of America upped their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. 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 note on Wednesday, December 11th. Susquehanna lifted their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Truist Financial increased their target price on Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

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.