Asset Management One Co. Ltd. Has $21.25 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Asset Management One Co. Ltd. raised its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 191,048 shares of the company's stock after purchasing an additional 4,506 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Howmet Aerospace were worth $21,250,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HWM. Exchange Traded Concepts LLC acquired a new stake in Howmet Aerospace in the 3rd quarter valued at approximately $553,000. Creative Planning lifted its position in shares of Howmet Aerospace by 14.3% in the third quarter. Creative Planning now owns 52,170 shares of the company's stock worth $5,230,000 after purchasing an additional 6,537 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Howmet Aerospace by 5.7% during the third quarter. Vontobel Holding Ltd. now owns 3,876 shares of the company's stock worth $389,000 after purchasing an additional 208 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Howmet Aerospace by 168.0% during the third quarter. Bleakley Financial Group LLC now owns 15,047 shares of the company's stock worth $1,508,000 after purchasing an additional 9,432 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Howmet Aerospace by 8.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,207 shares of the company's stock valued at $5,735,000 after purchasing an additional 4,440 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price target on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research report on Tuesday. Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Truist Financial reiterated a "buy" rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a research note on Friday, February 14th. Susquehanna boosted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a "positive" rating in a research report on Thursday, November 7th. Finally, Barclays boosted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.28.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded up $2.69 during mid-day trading on Wednesday, reaching $139.36. 2,818,859 shares of the company were exchanged, compared to its average volume of 2,716,333. The firm has a market cap of $56.62 billion, a PE ratio of 49.42, a PEG ratio of 1.51 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98. The company has a fifty day simple moving average of $119.90 and a 200-day simple moving average of $108.88. Howmet Aerospace Inc. has a 12 month low of $62.70 and a 12 month high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS 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 for the quarter, compared to analysts' expectations of $1.88 billion. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.17 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.10 per share. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. Howmet Aerospace's dividend payout ratio (DPR) 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.