New York State Common Retirement Fund Sells 2,700 Shares of Howmet Aerospace Inc. (NYSE:HWM)

New York State Common Retirement Fund reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 215,263 shares of the company's stock after selling 2,700 shares during the quarter. New York State Common Retirement Fund owned approximately 0.05% of Howmet Aerospace worth $27,926,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in Howmet Aerospace in the 4th quarter valued at approximately $25,000. Meeder Asset Management Inc. increased its position in 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 acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Howmet Aerospace in the 4th quarter valued at approximately $25,000. GPS Wealth Strategies Group LLC increased its position in Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares during the period. Finally, Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace in the 4th quarter valued at approximately $30,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HWM shares. Truist Financial upped their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. UBS Group upped their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Morgan Stanley upped their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Northcoast Research raised 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 thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $150.44.

Howmet Aerospace Price Performance

Shares of HWM stock traded up $2.13 during trading hours on Friday, reaching $190.96. The stock had a trading volume of 1,138,875 shares, compared to its average volume of 2,795,601. The stock's fifty day simple moving average is $172.73 and its 200 day simple moving average is $143.51. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. Howmet Aerospace Inc. has a 12 month low of $77.22 and a 12 month high of $192.00. The firm has a market capitalization of $77.08 billion, a PE ratio of 62.19, a PEG ratio of 2.71 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The firm had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business posted $0.53 EPS. The business's quarterly revenue was up 5.5% on a year-over-year basis. On average, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Insider Buying and Selling

In related news, CEO John C. Plant sold 800,000 shares of Howmet Aerospace stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total value of $125,568,000.00. Following the transaction, the chief executive officer directly owned 236,544 shares of the company's stock, valued at $37,127,946.24. The trade was a 77.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the transaction, the executive vice president directly owned 131,859 shares in the company, valued at approximately $20,903,607.27. The trade was a 18.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 831,250 shares of company stock valued at $130,517,863 over the last three months. 1.04% of the stock is owned by company insiders.

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.