Teachers Retirement System of The State of Kentucky Has $4.08 Million Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Teachers Retirement System of The State of Kentucky increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,418 shares of the company's stock after buying an additional 1,402 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Howmet Aerospace were worth $4,076,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. CVA Family Office LLC increased its stake in shares of Howmet Aerospace by 15.7% during the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after purchasing an additional 82 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Howmet Aerospace by 4.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after purchasing an additional 92 shares during the last quarter. Nilsine Partners LLC increased its stake in shares of Howmet Aerospace by 3.9% during the 1st quarter. Nilsine Partners LLC now owns 2,461 shares of the company's stock worth $319,000 after purchasing an additional 93 shares during the last quarter. Argentarii LLC increased its stake in shares of Howmet Aerospace by 1.1% during the 1st quarter. Argentarii LLC now owns 9,054 shares of the company's stock worth $1,175,000 after purchasing an additional 98 shares during the last quarter. Finally, Curated Wealth Partners LLC increased its stake in shares of Howmet Aerospace by 4.1% during the 1st quarter. Curated Wealth Partners LLC now owns 2,510 shares of the company's stock worth $326,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Transactions at Howmet Aerospace

In other Howmet Aerospace news, VP Barbara Lou Shultz sold 1,250 shares of the business'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 directly owned 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John C. Plant sold 800,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer owned 236,544 shares of the company's stock, valued at approximately $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 831,250 shares of company stock valued at $130,517,863. 1.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

HWM has been the topic of several recent analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Truist Financial boosted 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. Benchmark boosted their price objective on shares of Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. UBS Group boosted 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. Finally, Morgan Stanley increased their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $150.44.

Howmet Aerospace Stock Down 1.4%

Shares of HWM opened at $187.74 on Tuesday. Howmet Aerospace Inc. has a 12 month low of $78.34 and a 12 month high of $191.61. The firm's 50 day moving average is $173.39 and its 200-day moving average is $144.55. The stock has a market capitalization of $75.79 billion, a PE ratio of 61.15, a P/E/G ratio of 2.80 and a beta of 1.43. 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 (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.77 by $0.09. Howmet Aerospace had a net margin of 16.64% and a return on equity of 27.25%. The company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.94 billion. During the same period last year, the firm earned $0.53 earnings per share. The business's revenue for the quarter was up 5.5% on a year-over-year basis. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

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.

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