Howmet Aerospace Inc. (NYSE:HWM) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 45.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,504 shares of the company's stock after purchasing an additional 12,038 shares during the quarter. Mizuho Securities USA LLC's holdings in Howmet Aerospace were worth $4,211,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Millstone Evans Group LLC purchased a new stake in Howmet Aerospace in the 4th quarter worth $87,000. Lee Danner & Bass Inc. purchased a new stake in shares of Howmet Aerospace during the fourth quarter worth about $60,000. Settian Capital LP raised its stake in Howmet Aerospace by 40.0% during the 4th quarter. Settian Capital LP now owns 14,000 shares of the company's stock valued at $1,531,000 after purchasing an additional 4,000 shares during the period. Teacher Retirement System of Texas lifted its holdings in Howmet Aerospace by 0.6% in the 4th quarter. Teacher Retirement System of Texas now owns 152,995 shares of the company's stock worth $16,733,000 after purchasing an additional 926 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in Howmet Aerospace by 3.6% in the 4th quarter. Royal London Asset Management Ltd. now owns 163,886 shares of the company's stock worth $17,924,000 after purchasing an additional 5,637 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Down 1.1 %

HWM stock traded down $1.50 during trading on Thursday, hitting $132.64. The company had a trading volume of 1,542,917 shares, compared to its average volume of 2,636,416. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The company has a 50 day simple moving average of $129.13 and a 200-day simple moving average of $115.36. The firm has a market capitalization of $53.72 billion, a P/E ratio of 47.04, a PEG ratio of 1.92 and a beta of 1.54. The company has a quick ratio of 0.98, a current ratio of 2.17 and a debt-to-equity ratio of 0.74.

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Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, research 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 declared a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace's dividend payout ratio is presently 14.18%.

Analysts Set New Price Targets

Several equities analysts have recently commented on HWM shares. Morgan Stanley boosted their target price on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, February 19th. 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 report on Friday, February 14th. The Goldman Sachs Group upped their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Barclays boosted their price target on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. One research 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. According to data from MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $123.28.

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.