New Mexico Educational Retirement Board Acquires 500 Shares of Howmet Aerospace Inc. (NYSE:HWM)

New Mexico Educational Retirement Board increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,509 shares of the company’s stock after acquiring an additional 500 shares during the period. New Mexico Educational Retirement Board’s holdings in Howmet Aerospace were worth $2,134,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Valeo Financial Advisors LLC boosted its stake in Howmet Aerospace by 9.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,784 shares of the company’s stock worth $305,000 after acquiring an additional 241 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in Howmet Aerospace by 1,000.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 930,533 shares of the company’s stock worth $101,772,000 after acquiring an additional 845,941 shares in the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Howmet Aerospace in the fourth quarter worth approximately $507,000. Vontobel Holding Ltd. lifted its stake in shares of Howmet Aerospace by 8.9% in the fourth quarter. Vontobel Holding Ltd. now owns 4,222 shares of the company’s stock worth $462,000 after buying an additional 346 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Howmet Aerospace by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 191,048 shares of the company’s stock worth $21,250,000 after buying an additional 4,506 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 4.4 %

Shares of HWM stock opened at $133.66 on Friday. Howmet Aerospace Inc. has a 12 month low of $62.70 and a 12 month high of $133.92. The stock has a market cap of $54.30 billion, a P/E ratio of 51.02, a P/E/G ratio of 1.45 and a beta of 1.50. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76. The company has a 50 day simple moving average of $119.05 and a two-hundred day simple moving average of $108.19.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a net margin of 14.81% and a return on equity of 24.50%. The business had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. On average, research analysts expect that Howmet Aerospace Inc. will post 2.66 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

Analyst Upgrades and Downgrades

HWM has been the topic of several analyst reports. Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Barclays upped their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. UBS Group upped their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Sanford C. Bernstein upped their target price 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. Finally, Susquehanna upped their target price on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $117.76.

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.