Daiwa Securities Group Inc. Acquires 3,692 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Daiwa Securities Group Inc. lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.7% during the fourth quarter, HoldingsChannel reports. The firm owned 51,952 shares of the company’s stock after purchasing an additional 3,692 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Howmet Aerospace were worth $5,682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Howmet Aerospace by 2.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 244,489 shares of the company’s stock valued at $26,740,000 after buying an additional 6,953 shares during the period. Argentarii LLC purchased a new position in Howmet Aerospace in the fourth quarter valued at about $980,000. Permanent Capital Management LP bought a new position in shares of Howmet Aerospace during the 4th quarter valued at approximately $318,000. Lifeworks Advisors LLC purchased a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $214,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Howmet Aerospace by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 65,570 shares of the company’s stock worth $7,171,000 after purchasing an additional 3,676 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Morgan Stanley upped their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, February 19th. The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Truist Financial reissued a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

Howmet Aerospace Trading Up 2.0 %

Shares of HWM stock opened at $127.97 on Thursday. The business has a 50-day moving average price of $125.88 and a two-hundred day moving average price of $112.87. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74. The firm has a market cap of $51.83 billion, a P/E ratio of 45.38, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Equities analysts anticipate 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. Stockholders of record on Friday, February 7th were paid a $0.10 dividend. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio is 14.18%.

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.