State of New Jersey Common Pension Fund D Sells 11,993 Shares of Howmet Aerospace Inc. $HWM

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Howmet Aerospace Inc. by 8.4%, leaving it with 130,123 shares valued at approximately $16.88 million.
• Howmet Aerospace recently reported earnings of $0.91 per share for the last quarter, exceeding analysts' estimates by $0.04 and demonstrating a 9.2% year-over-year revenue growth.
• The company announced a quarterly dividend increase to $0.12, with an ex-dividend date of August 8th, representing an annualized dividend of $0.48 and a yield of 0.3%.

State of New Jersey Common Pension Fund D lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 8.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,123 shares of the company's stock after selling 11,993 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Howmet Aerospace were worth $16,881,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HWM. Kapitalo Investimentos Ltda bought a new position in Howmet Aerospace in the 4th quarter valued at $30,000. Pinpoint Asset Management Ltd grew its stake in Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after purchasing an additional 71 shares during the period. Hemington Wealth Management grew its stake in Howmet Aerospace by 46.6% in the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after purchasing an additional 81 shares during the period. GPS Wealth Strategies Group LLC grew its stake in shares of Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Howmet Aerospace by 100.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after acquiring an additional 140 shares during the period. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HWM. Barclays reiterated an "overweight" rating and set a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Wells Fargo & Company increased their price target on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Morgan Stanley increased their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, UBS Group increased their price target on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded up $0.9590 on Friday, hitting $174.2090. The company's stock had a trading volume of 1,020,678 shares, compared to its average volume of 3,019,477. The company has a 50-day simple moving average of $179.96 and a 200 day simple moving average of $154.10. Howmet Aerospace Inc. has a 1 year low of $90.71 and a 1 year high of $193.26. The company has a market capitalization of $70.23 billion, a PE ratio of 50.90, a PEG ratio of 2.23 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter last year, the firm posted $0.67 EPS. The company's revenue was up 9.2% compared to the same quarter last year. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's payout ratio is 14.04%.

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.