Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 14587 Shares of Howmet Aerospace Inc ...

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 22.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,738 shares of the company's stock after purchasing an additional 14,587 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Howmet Aerospace were worth $3,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Venturi Wealth Management LLC increased its position in Howmet Aerospace by 61.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company's stock valued at $26,000 after buying an additional 212 shares in the last quarter. Financial Freedom LLC acquired a new position in Howmet Aerospace during the fourth quarter worth $29,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Howmet Aerospace in the third quarter valued at $31,000. Clear Street Markets LLC lifted its position in Howmet Aerospace by 93.8% in the 1st quarter. Clear Street Markets LLC now owns 721 shares of the company's stock valued at $31,000 after acquiring an additional 349 shares in the last quarter. Finally, KB Financial Partners LLC bought a new position in shares of Howmet Aerospace in the first quarter valued at approximately $37,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. KeyCorp raised their price objective on Howmet Aerospace from $52.00 to $60.00 and gave the company an "overweight" rating in a research note on Tuesday, January 23rd. Truist Financial raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $47.00 to $74.00 in a research report on Wednesday, January 10th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $54.00 to $55.00 and gave the company an "overweight" rating in a research report on Wednesday, December 20th. Finally, Sanford C. Bernstein started coverage on Howmet Aerospace in a research report on Friday, January 5th. They issued an "outperform" rating and a $67.00 target price for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $57.29.

Read Our Latest Research Report on Howmet Aerospace

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $58.83 on Tuesday. The firm's 50 day simple moving average is $54.88 and its 200 day simple moving average is $50.46. The company has a current ratio of 2.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99. Howmet Aerospace Inc. has a 1-year low of $38.17 and a 1-year high of $59.42. The firm has a market capitalization of $24.22 billion, a PE ratio of 38.70, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Friday, February 9th will be paid a $0.05 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.34%. Howmet Aerospace's dividend payout ratio is currently 13.16%.

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.

Featured Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Before you consider Howmet Aerospace, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Howmet Aerospace wasn't on the list.

While Howmet Aerospace currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report