Retirement Systems of Alabama Has $37.10 Million Stock Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Retirement Systems of Alabama raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 332.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 370,027 shares of the company’s stock after acquiring an additional 284,487 shares during the period. Retirement Systems of Alabama owned about 0.09% of Howmet Aerospace worth $37,095,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HWM. Cultivar Capital Inc. bought a new position in Howmet Aerospace in the second quarter worth $26,000. RiverPark Advisors LLC bought a new position in shares of Howmet Aerospace during the 3rd quarter worth about $26,000. LGT Financial Advisors LLC boosted its position in shares of Howmet Aerospace by 278.7% during the 2nd quarter. LGT Financial Advisors LLC now owns 356 shares of the company’s stock valued at $28,000 after acquiring an additional 262 shares in the last quarter. Hollencrest Capital Management bought a new stake in Howmet Aerospace in the third quarter valued at about $30,000. Finally, Rothschild Investment LLC acquired a new position in Howmet Aerospace in the second quarter worth about $32,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.2 %

HWM stock opened at $113.47 on Friday. 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 Inc. has a twelve month low of $52.36 and a twelve month high of $120.71. The company has a market cap of $46.10 billion, a P/E ratio of 43.31, a PEG ratio of 1.56 and a beta of 1.48. The business has a fifty day moving average of $110.03 and a 200-day moving average of $95.99.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were given 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 yield of 0.28%. Howmet Aerospace’s payout ratio is presently 12.21%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several analyst reports. UBS Group upped their price objective on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Susquehanna increased their price objective on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Howmet Aerospace from $106.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Sanford C. Bernstein increased their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, KeyCorp downgraded shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and an average price target of $115.59.

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.