Teachers Retirement System of The State of Kentucky Cuts Position in Howmet Aerospace Inc. (NYSE:HWM)

Teachers Retirement System of The State of Kentucky lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 2.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,016 shares of the company’s stock after selling 776 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Howmet Aerospace were worth $3,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RiverPark Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 3rd quarter worth $26,000. Hollencrest Capital Management purchased a new position in Howmet Aerospace in the third quarter valued at $30,000. Cultivar Capital Inc. acquired a new stake in Howmet Aerospace in the second quarter valued at $26,000. LGT Financial Advisors LLC lifted its holdings in Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock worth $28,000 after buying an additional 262 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HWM shares. UBS Group raised their target price on Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada raised their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Robert W. Baird upped their target price on shares of Howmet Aerospace from $113.00 to $144.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $115.59.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $113.43 on Friday. The firm has a market cap of $46.08 billion, a price-to-earnings ratio of 43.29, a price-to-earnings-growth ratio of 1.56 and a beta of 1.48. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. Howmet Aerospace Inc. has a 1-year low of $52.36 and a 1-year high of $120.71. The firm’s fifty day moving average price is $110.03 and its 200 day moving average price is $96.07.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.28%. Howmet Aerospace’s dividend payout ratio (DPR) is 12.21%.

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.