Teacher Retirement System of Texas Has $7.32 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Teacher Retirement System of Texas trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 63.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,439 shares of the company's stock after selling 96,556 shares during the period. Teacher Retirement System of Texas' holdings in Howmet Aerospace were worth $7,322,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HWM. Norges Bank bought a new stake in Howmet Aerospace during the fourth quarter worth approximately $1,001,558,000. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares during the period. Winslow Capital Management LLC acquired a new position in Howmet Aerospace in the 4th quarter worth approximately $265,844,000. GAMMA Investing LLC boosted its stake in Howmet Aerospace by 15,741.8% in the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after purchasing an additional 1,319,792 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after purchasing an additional 1,026,130 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Up 1.1%

HWM stock traded up $1.95 during midday trading on Wednesday, reaching $181.41. The company had a trading volume of 2,306,101 shares, compared to its average volume of 2,812,433. Howmet Aerospace Inc. has a 1 year low of $77.22 and a 1 year high of $187.51. The company has a current ratio of 2.30, a quick ratio of 1.07 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $73.23 billion, a P/E ratio of 59.09, a PEG ratio of 2.70 and a beta of 1.43. The company has a 50 day moving average of $169.26 and a two-hundred day moving average of $140.53.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued 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 firm had revenue of $1.94 billion during the quarter, compared to analysts' expectations of $1.94 billion. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. Howmet Aerospace's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

HWM has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. UBS Group raised their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Wells Fargo & Company raised 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 note on Friday, May 2nd. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Finally, Truist Financial raised their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Four equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average price target of $142.13.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the transaction, the executive vice president directly owned 131,859 shares of the company's stock, valued at approximately $20,903,607.27. This trade represents a 18.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president directly owned 23,044 shares of the company's stock, valued at $3,575,737.48. The trade was a 5.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 831,250 shares of company stock valued at $130,517,863. Insiders own 1.04% of the company's stock.

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.