Public Employees Retirement Association of Colorado Sells 1,130 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Public Employees Retirement Association of Colorado decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 2.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,518 shares of the company’s stock after selling 1,130 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Howmet Aerospace were worth $2,910,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HWM. Whittier Trust Co. increased its position in shares of Howmet Aerospace by 81.4% during the first quarter. Whittier Trust Co. now owns 508 shares of the company’s stock valued at $35,000 after purchasing an additional 228 shares during the period. Lindbrook Capital LLC increased its holdings in Howmet Aerospace by 34.4% in the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock valued at $48,000 after buying an additional 229 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Howmet Aerospace by 62.9% in the 4th quarter. Quadrant Capital Group LLC now owns 976 shares of the company’s stock valued at $53,000 after buying an additional 377 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Howmet Aerospace by 33.1% during the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after acquiring an additional 271 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Howmet Aerospace during the 1st quarter valued at about $68,000. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HWM has been the subject of several recent research reports. KeyCorp increased their price target on shares of Howmet Aerospace from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company boosted their price target on Howmet Aerospace from $72.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, May 6th. Truist Financial increased their price objective on Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Benchmark boosted their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, Northcoast Research reiterated a “sell” rating and set a $70.00 target price on shares of Howmet Aerospace in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.76.

Howmet Aerospace Price Performance

HWM opened at $92.74 on Tuesday. The firm has a market capitalization of $37.85 billion, a PE ratio of 40.02, a P/E/G ratio of 1.50 and a beta of 1.46. The company has a fifty day moving average price of $81.20 and a two-hundred day moving average price of $71.18. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. Howmet Aerospace Inc. has a 52 week low of $42.94 and a 52 week high of $93.99.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the company earned $0.44 EPS. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, analysts anticipate that Howmet Aerospace Inc. will post 2.39 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 26th. Investors of record on Friday, August 9th will be given a $0.08 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.05. This represents a $0.32 annualized dividend and a dividend yield of 0.35%. Howmet Aerospace’s payout ratio is currently 9.66%.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 32,614 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $84.26, for a total value of $2,748,055.64. Following the completion of the transaction, the executive vice president now owns 217,687 shares in the company, valued at $18,342,306.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.12% of the stock is owned by company insiders.

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.