Oregon Public Employees Retirement Fund Sells 816 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Oregon Public Employees Retirement Fund reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWMGet Rating) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,261 shares of the company’s stock after selling 816 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Howmet Aerospace were worth $874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clear Street Markets LLC raised its position in Howmet Aerospace by 402.6% during the second quarter. Clear Street Markets LLC now owns 784 shares of the company’s stock worth $25,000 after acquiring an additional 628 shares in the last quarter. CX Institutional bought a new stake in Howmet Aerospace during the second quarter worth $35,000. CNB Bank raised its position in Howmet Aerospace by 1,412.0% during the second quarter. CNB Bank now owns 1,134 shares of the company’s stock worth $36,000 after acquiring an additional 1,059 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of Howmet Aerospace by 71.5% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,199 shares of the company’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Finally, Parallel Advisors LLC raised its position in shares of Howmet Aerospace by 25.7% in the second quarter. Parallel Advisors LLC now owns 1,351 shares of the company’s stock valued at $42,000 after purchasing an additional 276 shares during the period. 91.49% of the stock is owned by institutional investors.

Howmet Aerospace Trading Down 0.1 %

Shares of Howmet Aerospace stock opened at $39.41 on Wednesday. The company has a market capitalization of $16.30 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 0.94 and a beta of 1.53. The company has a quick ratio of 0.89, a current ratio of 2.06 and a debt-to-equity ratio of 1.30. Howmet Aerospace Inc. has a 12-month low of $29.35 and a 12-month high of $41.02. The firm’s 50-day moving average price is $38.76 and its two-hundred day moving average price is $36.42.

Howmet Aerospace (NYSE:HWMGet Rating) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Howmet Aerospace had a net margin of 8.00% and a return on equity of 16.76%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts forecast that Howmet Aerospace Inc. will post 1.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Wednesday, November 9th. Truist Financial increased their price objective on shares of Howmet Aerospace from $32.00 to $35.00 in a research report on Monday, January 9th. Vertical Research dropped their price objective on shares of Howmet Aerospace to $45.00 in a research report on Friday, November 4th. Wolfe Research restated an “outperform” rating and issued a $44.00 price target on shares of Howmet Aerospace in a research note on Tuesday, October 11th. Finally, KeyCorp upped their price target on shares of Howmet Aerospace from $39.00 to $41.00 and gave the company an “overweight” rating in a research note on Wednesday, December 21st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $41.78.

About Howmet Aerospace

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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.

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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