Howmet Aerospace Inc. (NYSE:HWM) Stock Holdings Increased by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 20.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,316 shares of the company's stock after buying an additional 30,453 shares during the period. State of Tennessee Department of Treasury's holdings in Howmet Aerospace were worth $19,831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Howmet Aerospace by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after purchasing an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Howmet Aerospace by 14.0% during the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after buying an additional 2,486,649 shares during the last quarter. Geode Capital Management LLC increased its position in Howmet Aerospace by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock worth $1,070,267,000 after purchasing an additional 308,574 shares in the last quarter. Norges Bank acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $1,001,558,000. Finally, Boston Partners boosted its position in Howmet Aerospace by 6.4% during the fourth quarter. Boston Partners now owns 5,460,744 shares of the company's stock worth $597,460,000 after acquiring an additional 326,719 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Down 0.0 %

NYSE HWM traded down $0.03 on Monday, reaching $135.73. The company had a trading volume of 1,191,909 shares, compared to its average volume of 2,730,952. The firm has a market capitalization of $54.90 billion, a PE ratio of 48.08, a P/E/G ratio of 1.92 and a beta of 1.25. The firm has a 50-day moving average of $128.06 and a 200-day moving average of $119.90. Howmet Aerospace Inc. has a 1 year low of $66.33 and a 1 year high of $140.55. 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 announced its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. On average, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, May 9th. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.18%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HWM. The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Northcoast Research raised shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday, April 9th. Barclays increased their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Benchmark boosted their target price on shares of Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and set a $118.00 price target (down previously from $132.00) on shares of Howmet Aerospace in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.06.

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.