Commonwealth of Pennsylvania Public School Empls Retrmt SYS Reduces Stake in Howmet Aerospace Inc. (NYSE:HWM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,383 shares of the company's stock after selling 2,467 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Howmet Aerospace were worth $9,448,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in HWM. Private Trust Co. NA lifted its holdings in shares of Howmet Aerospace by 28.0% in the fourth quarter. Private Trust Co. NA now owns 407 shares of the company's stock worth $45,000 after buying an additional 89 shares in the last quarter. O Neil Global Advisors Inc. lifted its stake in Howmet Aerospace by 0.5% in the 4th quarter. O Neil Global Advisors Inc. now owns 19,527 shares of the company's stock worth $2,136,000 after purchasing an additional 90 shares in the last quarter. Brooklyn Investment Group boosted its holdings in Howmet Aerospace by 6.1% in the 4th quarter. Brooklyn Investment Group now owns 1,678 shares of the company's stock valued at $183,000 after purchasing an additional 97 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Howmet Aerospace by 0.7% during the 4th quarter. Frank Rimerman Advisors LLC now owns 15,035 shares of the company's stock valued at $1,644,000 after purchasing an additional 100 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. grew its position in shares of Howmet Aerospace by 1.4% during the 4th quarter. Guyasuta Investment Advisors Inc. now owns 7,662 shares of the company's stock valued at $838,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

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Analyst Ratings Changes

HWM has been the topic of a number of recent analyst reports. Morgan Stanley increased their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Truist Financial reaffirmed a "buy" rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Barclays boosted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Wells Fargo & Company raised their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group boosted their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $123.28.

Howmet Aerospace Trading Down 2.7 %

HWM stock traded down $3.68 during trading on Wednesday, hitting $134.04. 2,731,988 shares of the company traded hands, compared to its average volume of 2,637,587. The company has a 50-day moving average of $128.89 and a 200-day moving average of $115.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The firm has a market capitalization of $54.29 billion, a PE ratio of 47.53, a P/E/G ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data 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 25.74% and a net margin of 15.55%. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.

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.