Dai ichi Life Insurance Company Ltd Raises Position in Howmet Aerospace Inc. (NYSE:HWM)

Dai ichi Life Insurance Company Ltd increased its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 54.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,823 shares of the company's stock after purchasing an additional 4,874 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in Howmet Aerospace were worth $1,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cultivar Capital Inc. acquired a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $26,000. RiverPark Advisors LLC bought a new position in Howmet Aerospace during the third quarter worth $26,000. LGT Financial Advisors LLC lifted its holdings in Howmet Aerospace by 278.7% in the second quarter. LGT Financial Advisors LLC now owns 356 shares of the company's stock valued at $28,000 after buying an additional 262 shares during the period. Hollencrest Capital Management bought a new stake in Howmet Aerospace during the third quarter valued at $30,000. Finally, Rothschild Investment LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth about $32,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HWM shares. UBS Group upped their target price on Howmet Aerospace from $103.00 to $120.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Barclays lifted their price objective on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, November 11th. Bank of America increased their target price on shares of Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, November 13th. Royal Bank of Canada lifted their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $83.00 to $105.00 and gave the company an "overweight" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $115.41.

Howmet Aerospace Stock Down 0.4 %

Howmet Aerospace stock traded down $0.48 during midday trading on Thursday, hitting $116.70. 1,766,622 shares of the stock were exchanged, compared to its average volume of 2,930,349. The company has a quick ratio of 0.98, a current ratio of 2.24 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $47.41 billion, a price-to-earnings ratio of 44.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. Howmet Aerospace Inc. has a 52-week low of $51.47 and a 52-week high of $119.28. The business's 50-day moving average price is $106.31 and its 200-day moving average price is $93.42.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace's payout ratio is 12.21%.

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.