The State of New Jersey Common Pension Fund D reduced its shares of Howmet Aerospace Inc. (NYSE: HWM) in the third quarter by 2.5%, as stated in the most recent filing it has made with the SEC (SEC). After the quarter’s conclusion, the institutional investor had 197,740 shares of the company’s stock in their possession. During the period, they sold 5,138 shares, bringing their total holdings to 197,740. According to the most recent report submitted to the SEC, the State of New Jersey Common Pension Fund D’s holdings in Howmet Aerospace had a value of $6,116,000 as of the most recent fiscal year.
Hedge funds and other institutional investors have significantly changed their ownership percentages of HWM in recent months. These changes have been reflected in the company’s ownership percentages. During the second quarter, Prudential Financial Inc. increased its holdings of Howmet Aerospace shares by a factor of 605.0%. Prudential Financial Inc. now has a total of 2,323,840 shares of the company’s stock, which has a market value of $72,814,000 thanks to a recent purchase of an additional 1,994,197 shares of the company’s stock. This brings the total number of shares owned by the company to 2,323,840. In addition, Ceredex Value Advisors LLC acquired a new investment in Howmet Aerospace during the second quarter. The investment was valued at $61,584,000. Finally, the Royal Bank of Canada increased its holdings of Howmet Aerospace shares by 383.3% during the first three months of the year. Following the acquisition of an additional 1,080,491 shares of the company’s stock during the most recent fiscal quarter, Royal Bank of Canada now holds a total of 1,362,379 shares of the corporation’s stock, which carries a value of $48,964,000. This brings the total number of shares held by the Royal Bank of Canada to 1,362,379; during the second quarter of the fiscal year, Point72 Asset Management L.P. increased the percentage of Howmet Aerospace stock that is owned by 61.8%. After acquiring an additional 992,878 shares during the most recent quarter, Point72 Asset Management L.P. now possesses 2,598,804 shares of the company’s stock, which has a value of $81,732,000. This brings the total number of shares that the investment firm owns in the company to 2,598,804. And finally, during the second quarter, the Massachusetts Financial Services Company, MA, added 4.9% more ownership to its stake in Howmet Aerospace. After purchasing an additional 881,560 shares during the most recent quarter, The Massachusetts Financial Services Co., MA, now owns 18,888,288 shares of the company’s stock. Based on the current market price, this gives the company a market value of $594,036,000. At this time, institutional investors hold an ownership stake in the company that amounts to 91.49% of the total outstanding shares.
On Friday morning, the opening price of one share of NYSE: HWM was $40.67. Trading began at 9:30 a.m. The company has a market capitalization of $16.83 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 0.98, and a beta of 1.53. Additionally, the company has a beta of 1.53. In addition, the price-to-earnings ratio is higher than the price-to-growth equity ratio. This company has a quick ratio of 0.89, a current ratio of 2.06, and a debt-to-equity ratio of 1.30. Each of these metrics refers to different measures of liquidity. The stock price is $38.30 according to its simple moving average for the past 50 days and $35.92 according to its simple moving average for the past 200 days. Throughout one year, the price of Howmet Aerospace Inc. fluctuated between $29.35 and $41.02, with a low of $29.35 and a high of $41.02, respectively.
The most recent quarterly results report for Howmet Aerospace (NYSE: HWM) was made public on October 31st, a Monday. The company’s earnings per share for the quarter were reported to be $0.36, which was in line with analysts’ $0.36 consensus estimate. Howmet Aerospace did quite well, as evidenced by the company’s respectable net margin of 8.00% and 16.76% return on equity. Howmet Aerospace reported $0.36 earnings per share for the quarter, which was in li.