SBI Securities Co. Ltd. Makes New $131,000 Investment in Howmet Aerospace Inc. (NYSE:HWM)

SBI Securities Co. Ltd. purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,201 shares of the company’s stock, valued at approximately $131,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWM. Jones Financial Companies Lllp raised its position in shares of Howmet Aerospace by 235.9% in the 4th quarter. Jones Financial Companies Lllp now owns 13,367 shares of the company’s stock valued at $1,462,000 after purchasing an additional 9,388 shares in the last quarter. SRS Capital Advisors Inc. raised its position in shares of Howmet Aerospace by 98.1% in the 4th quarter. SRS Capital Advisors Inc. now owns 610 shares of the company’s stock valued at $67,000 after purchasing an additional 302 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Howmet Aerospace by 9.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 10,919 shares of the company’s stock valued at $1,204,000 after purchasing an additional 984 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Howmet Aerospace by 1.6% in the 4th quarter. Metis Global Partners LLC now owns 16,358 shares of the company’s stock valued at $1,789,000 after purchasing an additional 263 shares in the last quarter. Finally, West Michigan Advisors LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $306,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HWM. Wells Fargo & Company upped their target price on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their target price on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Bank of America upped their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 13th. Truist Financial reissued a “buy” rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. Finally, Barclays upped their price target on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $123.28.

Howmet Aerospace Stock Up 0.2 %

Shares of Howmet Aerospace stock opened at $124.70 on Friday. The stock has a 50-day moving average price of $124.95 and a 200 day moving average price of $112.16. The company has a market cap of $50.51 billion, a P/E ratio of 44.22, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were paid a $0.10 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 0.32%. The ex-dividend date of this dividend was Friday, February 7th. Howmet Aerospace’s dividend payout ratio is currently 14.18%.

About Howmet Aerospace

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.