Howmet Aerospace Inc. (NYSE:HWM) Shares Sold by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 12.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,900 shares of the company’s stock after selling 3,100 shares during the quarter. Howmet Aerospace comprises about 0.7% of Supplemental Annuity Collective Trust of NJ’s holdings, making the stock its 25th largest position. Supplemental Annuity Collective Trust of NJ’s holdings in Howmet Aerospace were worth $2,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new position in Howmet Aerospace during the 3rd quarter valued at $553,000. Creative Planning grew its holdings in Howmet Aerospace by 14.3% in the 3rd quarter. Creative Planning now owns 52,170 shares of the company’s stock worth $5,230,000 after buying an additional 6,537 shares in the last quarter. Sumitomo Life Insurance Co. increased its stake in Howmet Aerospace by 26.7% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 15,893 shares of the company’s stock valued at $1,593,000 after buying an additional 3,350 shares during the period. Vontobel Holding Ltd. increased its stake in shares of Howmet Aerospace by 5.7% during the third quarter. Vontobel Holding Ltd. now owns 3,876 shares of the company’s stock valued at $389,000 after acquiring an additional 208 shares during the period. Finally, Good Life Advisors LLC raised its stake in shares of Howmet Aerospace by 121.9% in the 3rd quarter. Good Life Advisors LLC now owns 53,246 shares of the company’s stock worth $5,338,000 after buying an additional 29,248 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $127.97 on Friday. The firm has a market capitalization of $51.99 billion, a price-to-earnings ratio of 48.84, a PEG ratio of 1.45 and a beta of 1.50. The stock’s 50 day moving average is $118.59 and its 200-day moving average is $107.60. Howmet Aerospace Inc. has a twelve month low of $62.38 and a twelve month high of $129.95. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. Sell-side analysts forecast that Howmet Aerospace Inc. will post 2.66 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a $0.10 dividend. 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 dividend payout ratio is currently 12.21%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. UBS Group increased their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Susquehanna boosted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their price target on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, Sanford C. Bernstein lifted their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $115.71.

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.