Supplemental Annuity Collective Trust of NJ Sells 3,100 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Supplemental Annuity Collective Trust of NJ decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 12.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,900 shares of the company’s stock after selling 3,100 shares during the period. Howmet Aerospace comprises about 0.7% of Supplemental Annuity Collective Trust of NJ’s holdings, making the stock its 25th largest holding. Supplemental Annuity Collective Trust of NJ’s holdings in Howmet Aerospace were worth $2,286,000 at the end of the most recent reporting period.

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

Howmet Aerospace Stock Down 0.1 %

Shares of HWM opened at $127.97 on Friday. The firm has a market cap of $51.99 billion, a PE ratio of 48.84, a price-to-earnings-growth ratio of 1.45 and a beta of 1.50. Howmet Aerospace Inc. has a fifty-two week low of $62.38 and a fifty-two week high of $129.95. 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 company’s fifty day moving average is $118.59 and its two-hundred day moving average is $107.60.

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

Howmet Aerospace Increases Dividend

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

Analyst Ratings Changes

HWM has been the subject of several analyst reports. Royal Bank of Canada raised their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Robert W. Baird lifted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Sanford C. Bernstein increased their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Barclays lifted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Finally, Susquehanna upped their target price on Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $115.71.

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.