State of Alaska Department of Revenue Sells 5,000 Shares of Howmet Aerospace Inc. (NYSE:HWM)

State of Alaska Department of Revenue reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 9.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,317 shares of the company’s stock after selling 5,000 shares during the quarter. State of Alaska Department of Revenue’s holdings in Howmet Aerospace were worth $5,065,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Terra Nova Asset Management LLC bought a new stake in Howmet Aerospace during the third quarter valued at $1,264,000. Stifel Financial Corp boosted its position in shares of Howmet Aerospace by 12.1% during the 3rd quarter. Stifel Financial Corp now owns 263,830 shares of the company’s stock valued at $26,450,000 after purchasing an additional 28,568 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in Howmet Aerospace by 1,258.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after purchasing an additional 1,900 shares during the period. Vista Investment Partners LLC acquired a new stake in Howmet Aerospace during the fourth quarter worth approximately $531,000. Finally, Genesis Private Wealth LLC bought a new stake in Howmet Aerospace in the fourth quarter worth approximately $249,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

HWM opened at $127.67 on Friday. Howmet Aerospace Inc. has a 1 year low of $58.34 and a 1 year high of $129.69. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The company has a market capitalization of $51.87 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 1.43 and a beta of 1.50. The firm’s fifty day moving average price is $117.83 and its two-hundred day moving average price is $106.11.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace’s payout ratio is 15.27%.

Analysts Set New Price Targets

A number of research firms have issued reports on HWM. Truist Financial increased their price target on Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Barclays raised their price target on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 11th. Susquehanna upped their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the company a “positive” rating in a report on Thursday, November 7th. KeyCorp downgraded Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Robert W. Baird upped their price target on Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $115.71.

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.