Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 16.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 228,911 shares of the company’s stock after selling 45,117 shares during the period. New York State Common Retirement Fund owned about 0.06% of Howmet Aerospace worth $22,948,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HWM. Lone Pine Capital LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $284,539,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Howmet Aerospace by 28.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,130,606 shares of the company’s stock worth $966,959,000 after buying an additional 3,158,186 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Howmet Aerospace by 18.7% in the first quarter. JPMorgan Chase & Co. now owns 17,877,503 shares of the company’s stock worth $1,223,358,000 after buying an additional 2,813,911 shares during the period. TD Asset Management Inc boosted its holdings in shares of Howmet Aerospace by 986.0% in the first quarter. TD Asset Management Inc now owns 2,697,449 shares of the company’s stock worth $184,586,000 after buying an additional 2,449,057 shares during the period. Finally, Capital Research Global Investors acquired a new position in shares of Howmet Aerospace in the first quarter worth about $148,996,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the transaction, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on HWM. Barclays raised their target price on shares of Howmet Aerospace from $85.00 to $100.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Benchmark raised their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Truist Financial raised their target price on shares of Howmet Aerospace from $105.00 to $123.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Susquehanna began coverage on shares of Howmet Aerospace in a report on Tuesday, October 8th. They set a “positive” rating and a $120.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.50.

Howmet Aerospace Price Performance

NYSE HWM opened at $99.84 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.53 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $40.75 billion, a PE ratio of 44.18, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46. The company has a 50 day moving average price of $99.28 and a two-hundred day moving average price of $88.30. Howmet Aerospace Inc. has a 12-month low of $47.88 and a 12-month high of $106.93.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Friday, November 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.16%.

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.