California State Teachers Retirement System Trims Position in Howmet Aerospace Inc. (NYSE:HWM)

California State Teachers Retirement System trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 679,179 shares of the company's stock after selling 38,563 shares during the quarter. California State Teachers Retirement System owned 0.17% of Howmet Aerospace worth $74,282,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HWM. Norges Bank bought a new stake in Howmet Aerospace during the 4th quarter valued at about $1,001,558,000. JPMorgan Chase & Co. raised its stake in shares of Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at approximately $265,844,000. AustralianSuper Pty Ltd boosted its holdings in shares of Howmet Aerospace by 1,000.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company's stock valued at $101,772,000 after purchasing an additional 845,941 shares during the period. Finally, Capital World Investors grew its stake in Howmet Aerospace by 13.3% in the fourth quarter. Capital World Investors now owns 4,855,273 shares of the company's stock worth $531,021,000 after purchasing an additional 570,567 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 4.1 %

Howmet Aerospace stock traded up $6.13 during midday trading on Friday, reaching $154.16. The company's stock had a trading volume of 3,651,795 shares, compared to its average volume of 2,702,761. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The stock has a market capitalization of $62.35 billion, a P/E ratio of 54.67, a PEG ratio of 1.92 and a beta of 1.25. The stock's 50-day simple moving average is $129.01 and its 200-day simple moving average is $121.03. Howmet Aerospace Inc. has a 52-week low of $76.83 and a 52-week high of $154.73.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the business earned $0.53 EPS. Howmet Aerospace's revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a yield of 0.26%. Howmet Aerospace's dividend payout ratio (DPR) is 14.18%.

Analysts Set New Price Targets

Several brokerages have weighed in on HWM. Royal Bank of Canada upped their target price on Howmet Aerospace from $150.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday. The Goldman Sachs Group lifted 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. Benchmark increased their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Truist Financial reduced their price target on shares of Howmet Aerospace from $140.00 to $136.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $130.17.

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.