Teacher Retirement System of Texas Has $16.73 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Teacher Retirement System of Texas boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 152,995 shares of the company’s stock after buying an additional 926 shares during the period. Teacher Retirement System of Texas’ holdings in Howmet Aerospace were worth $16,733,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in Howmet Aerospace during the 4th quarter worth approximately $26,000. Washington Trust Advisors Inc. acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $33,000. Hanson & Doremus Investment Management acquired a new position in Howmet Aerospace during the fourth quarter worth $34,000. Finally, ORG Partners LLC bought a new position in Howmet Aerospace in the fourth quarter valued at $44,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 0.7 %

Shares of HWM stock opened at $130.70 on Friday. The firm has a 50 day moving average price of $128.09 and a two-hundred day moving average price of $114.31. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $52.94 billion, a PE ratio of 46.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s payout ratio is presently 14.18%.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. Barclays raised their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Truist Financial restated a “buy” rating and issued a $140.00 price objective (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, 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 report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $123.28.

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.