Howmet Aerospace Inc. (NYSE:HWM) Stake Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.4% in the 3rd quarter, Holdings Channel reports. The firm owned 57,207 shares of the company’s stock after purchasing an additional 4,440 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Howmet Aerospace were worth $5,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of HWM. American International Group Inc. grew its position in shares of Howmet Aerospace by 1.6% during the 4th quarter. American International Group Inc. now owns 105,188 shares of the company’s stock valued at $5,693,000 after buying an additional 1,672 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Howmet Aerospace in the fourth quarter valued at approximately $427,000. CWM LLC grew its holdings in shares of Howmet Aerospace by 8.4% during the first quarter. CWM LLC now owns 9,395 shares of the company’s stock valued at $643,000 after purchasing an additional 729 shares during the last quarter. NBC Securities Inc. raised its position in shares of Howmet Aerospace by 19.8% during the 1st quarter. NBC Securities Inc. now owns 1,685 shares of the company’s stock worth $115,000 after purchasing an additional 278 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in shares of Howmet Aerospace in the 1st quarter worth approximately $263,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Howmet Aerospace

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at approximately $8,985,077.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Ken Giacobbe sold 154,909 shares of the company’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the completion of the sale, the chief financial officer now directly owns 155,135 shares of the company’s stock, valued at $14,982,938.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Neil Edward Marchuk sold 70,637 shares of Howmet Aerospace stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now directly owns 92,687 shares in the company, valued at $8,985,077.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BTIG Research upped their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Truist Financial upped their price target on shares of Howmet Aerospace from $105.00 to $123.00 and gave the stock a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Benchmark upped their target price on shares of Howmet Aerospace from $53.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Royal Bank of Canada lifted their price target on Howmet Aerospace from $90.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $97.75.

Howmet Aerospace Stock Down 0.6 %

Shares of HWM stock opened at $105.54 on Friday. Howmet Aerospace Inc. has a 1 year low of $42.94 and a 1 year high of $106.76. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. The business’s fifty day moving average is $97.95 and its 200-day moving average is $85.33. The stock has a market cap of $43.08 billion, a PE ratio of 50.99, a price-to-earnings-growth ratio of 1.51 and a beta of 1.46.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. Howmet Aerospace had a return on equity of 23.02% and a net margin of 13.15%. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same period in the previous year, the company earned $0.44 earnings per share. Howmet Aerospace’s revenue was up 14.1% compared to the same quarter last year. Equities analysts expect that Howmet Aerospace Inc. will post 2.59 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.30%. Howmet Aerospace’s payout ratio is currently 15.46%.

Howmet Aerospace 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.