New York State Teachers Retirement System Has $40.94 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

New York State Teachers Retirement System lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 315,585 shares of the company's stock after selling 4,162 shares during the period. New York State Teachers Retirement System owned about 0.08% of Howmet Aerospace worth $40,941,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its stake in shares of Howmet Aerospace by 233.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock valued at $18,277,000 after buying an additional 98,642 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Howmet Aerospace by 126.1% in the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock valued at $3,140,000 after acquiring an additional 13,500 shares during the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Howmet Aerospace by 156.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 9,273 shares of the company's stock valued at $1,014,000 after acquiring an additional 5,664 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Howmet Aerospace by 11.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 33,532 shares of the company's stock worth $4,350,000 after purchasing an additional 3,465 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Howmet Aerospace by 22.1% in the 1st quarter. GAMMA Investing LLC now owns 10,238 shares of the company's stock valued at $1,328,000 after purchasing an additional 1,854 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Insiders Place Their Bets

In related news, CEO John C. Plant sold 800,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 236,544 shares of the company's stock, valued at $37,127,946.24. This represents a 77.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil Edward Marchuk sold 30,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 831,250 shares of company stock valued at $130,517,863. 1.04% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HWM. Truist Financial lifted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. BTIG Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. UBS Group increased their price target on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average target price of $142.13.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded up $4.64 during trading on Friday, reaching $180.59. The company's stock had a trading volume of 1,766,373 shares, compared to its average volume of 2,802,076. The business's 50-day moving average price is $165.79 and its 200-day moving average price is $138.59. Howmet Aerospace Inc. has a 52 week low of $77.22 and a 52 week high of $187.51. The firm has a market cap of $72.90 billion, a PE ratio of 58.82, a P/E/G ratio of 2.65 and a beta of 1.43. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

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

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 9th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.22%. Howmet Aerospace's dividend payout ratio (DPR) is currently 13.03%.

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.