Public Employees Retirement System of Ohio Sells 7,970 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Public Employees Retirement System of Ohio reduced its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 139,223 shares of the company's stock after selling 7,970 shares during the period. Public Employees Retirement System of Ohio's holdings in Howmet Aerospace were worth $15,227,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HWM. Murphy & Mullick Capital Management Corp purchased a new stake in Howmet Aerospace during the 4th quarter worth about $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock valued at $25,000 after purchasing an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $25,000. R Squared Ltd purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $26,000. Finally, Washington Trust Advisors Inc. purchased a new stake in shares of Howmet Aerospace in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

HWM stock traded up $0.68 during trading on Wednesday, reaching $170.37. 2,780,617 shares of the company were exchanged, compared to its average volume of 2,699,470. The company has a 50-day moving average of $140.05 and a two-hundred day moving average of $127.85. The company has a market capitalization of $68.77 billion, a price-to-earnings ratio of 60.42, a P/E/G ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a twelve month low of $76.83 and a twelve month high of $172.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. The business had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm's quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.53 EPS. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.23%. The ex-dividend date of this dividend was Friday, May 9th. Howmet Aerospace's dividend payout ratio is 13.03%.

Insider Buying and Selling at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $158.53, for a total value of $4,755,900.00. Following the completion of the transaction, the executive vice president now directly owns 131,859 shares in the company, valued at approximately $20,903,607.27. This represents a 18.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the completion of the transaction, the vice president now owns 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This trade represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 831,250 shares of company stock worth $130,517,863. 1.04% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on HWM. UBS Group boosted their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Benchmark increased their target price on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Barclays raised 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 price objective on Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Morgan Stanley increased their target price on Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $132.53.

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.