Public Employees Retirement System of Ohio Sells 7,333 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Public Employees Retirement System of Ohio reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,193 shares of the company's stock after selling 7,333 shares during the period. Public Employees Retirement System of Ohio's holdings in Howmet Aerospace were worth $14,756,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp increased 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 valued at $1,748,378,000 after acquiring an additional 384,171 shares during the last quarter. Lone Pine Capital LLC acquired a new position in Howmet Aerospace during the second quarter valued at approximately $284,539,000. TD Asset Management Inc raised its position in shares of Howmet Aerospace by 16.9% in the second quarter. TD Asset Management Inc now owns 3,152,629 shares of the company's stock valued at $244,739,000 after purchasing an additional 455,180 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 worth $231,101,000 after buying an additional 114,457 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Howmet Aerospace by 2.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company's stock worth $163,218,000 after buying an additional 56,614 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

NYSE HWM traded up $2.01 during trading on Wednesday, reaching $116.09. 2,399,385 shares of the company traded hands, compared to its average volume of 2,906,413. Howmet Aerospace Inc. has a 1-year low of $52.36 and a 1-year high of $120.71. The company has a market cap of $47.16 billion, a price-to-earnings ratio of 43.96, a P/E/G ratio of 1.59 and a beta of 1.48. The stock's 50 day moving average price is $109.25 and its two-hundred day moving average price is $95.53. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.28%. The ex-dividend date was Friday, November 8th. Howmet Aerospace's dividend payout ratio is 12.21%.

Analyst Ratings Changes

Several research analysts recently commented on HWM shares. UBS Group lifted their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Barclays lifted their price target on Howmet Aerospace from $100.00 to $130.00 and gave the stock an "overweight" rating in a research report on Monday, November 11th. Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $115.59.

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.