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

New Mexico Educational Retirement Board lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $26,000. RiverPark Advisors LLC bought a new stake in shares of Howmet Aerospace during the 3rd quarter worth $26,000. Hollencrest Capital Management bought a new stake in shares of Howmet Aerospace during the 3rd quarter worth $30,000. Global Trust Asset Management LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $33,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $34,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $133.66 on Friday. Howmet Aerospace Inc. has a 1 year low of $62.70 and a 1 year high of $133.92. 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’s 50-day moving average is $119.05 and its 200 day moving average is $108.19. The stock has a market capitalization 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.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating 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%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 2.66 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. UBS Group boosted their price target 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. Robert W. Baird boosted their price target on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays boosted their price target 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. KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada boosted their price target on shares of Howmet Aerospace from $105.00 to $135.00 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 assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $117.76.

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.