Supplemental Annuity Collective Trust of NJ Lowers Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Supplemental Annuity Collective Trust of NJ reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 12.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,900 shares of the company's stock after selling 3,100 shares during the period. Howmet Aerospace makes up 0.7% of Supplemental Annuity Collective Trust of NJ's portfolio, making the stock its 25th biggest holding. Supplemental Annuity Collective Trust of NJ's holdings in Howmet Aerospace were worth $2,286,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HWM. JPMorgan Chase & Co. lifted its position in Howmet Aerospace by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 17,711,497 shares of the company's stock valued at $1,775,578,000 after purchasing an additional 1,336,592 shares during the last quarter. State Street Corp lifted its holdings in shares of Howmet Aerospace by 2.3% during the 3rd quarter. State Street Corp now owns 17,440,176 shares of the company's stock worth $1,748,378,000 after acquiring an additional 384,171 shares during the last quarter. Geode Capital Management LLC grew its position in Howmet Aerospace by 5.0% in the third quarter. Geode Capital Management LLC now owns 9,502,223 shares of the company's stock worth $949,382,000 after acquiring an additional 453,275 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Howmet Aerospace by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company's stock valued at $231,101,000 after acquiring an additional 114,457 shares during the last quarter. Finally, Los Angeles Capital Management LLC raised its position in Howmet Aerospace by 12.2% during the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company's stock valued at $138,159,000 after purchasing an additional 150,387 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of HWM traded up $5.58 on Monday, reaching $133.66. The company's stock had a trading volume of 4,278,007 shares, compared to its average volume of 2,619,512. The stock's 50 day simple moving average is $119.05 and its two-hundred day simple moving average is $108.28. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The stock has a market capitalization of $54.30 billion, a P/E ratio of 51.02, a PEG ratio of 1.45 and a beta of 1.50. Howmet Aerospace Inc. has a 12-month low of $62.70 and a 12-month high of $133.92.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion for the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. Research analysts forecast that Howmet Aerospace Inc. will post 2.66 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. This is a boost 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 yield of 0.30%. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.21%.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on Howmet Aerospace from $113.00 to $144.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Bank of America boosted their price objective on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. KeyCorp lowered shares of Howmet Aerospace from an "overweight" rating to a "sector weight" rating in a report on Thursday, October 24th. Sanford C. Bernstein boosted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, Susquehanna raised their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the company a "positive" rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $117.76.

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.