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

Daiwa Securities Group Inc. raised its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 51,952 shares of the company's stock after purchasing an additional 3,692 shares during the period. Daiwa Securities Group Inc.'s holdings in Howmet Aerospace were worth $5,682,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Howmet Aerospace by 2.9% in 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 bought a new position in shares of Howmet Aerospace in the 4th quarter worth about $980,000. Permanent Capital Management LP bought a new position in shares of Howmet Aerospace in the 4th quarter worth about $318,000. Lifeworks Advisors LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at about $214,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Howmet Aerospace by 5.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 65,570 shares of the company's stock valued at $7,171,000 after purchasing an additional 3,676 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research analyst reports. Bank of America lifted their target price on Howmet Aerospace from $100.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, November 13th. Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Barclays increased their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group raised their price target on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $123.28.

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Howmet Aerospace Stock Up 2.0 %

Shares of NYSE:HWM opened at $127.97 on Thursday. The stock has a market cap of $51.83 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 1.92 and a beta of 1.54. The business's 50 day moving average is $125.88 and its 200 day moving average is $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.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results 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 analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were paid a $0.10 dividend. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. This represents a $0.40 annualized dividend and a yield of 0.31%. Howmet Aerospace's dividend payout ratio (DPR) is 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.

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