Resona Asset Management Co. Ltd. Acquires New Position in Howmet Aerospace Inc. (NYSE:HWM)

Resona Asset Management Co. Ltd. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 112,351 shares of the company's stock, valued at approximately $12,318,000.

Several other large investors also recently added to or reduced their stakes in HWM. Vanguard Group Inc. boosted its position in shares of Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company's stock valued at $5,153,220,000 after acquiring an additional 352,256 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock valued at $2,209,071,000 after purchasing an additional 2,486,649 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Howmet Aerospace by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company's stock worth $1,070,267,000 after buying an additional 308,574 shares during the last quarter. Norges Bank bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $1,001,558,000. Finally, Boston Partners lifted its holdings in shares of Howmet Aerospace by 6.4% during the 4th quarter. Boston Partners now owns 5,460,744 shares of the company's stock worth $597,460,000 after acquiring an additional 326,719 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their price target on Howmet Aerospace from $125.00 to $155.00 and gave the company an "overweight" rating in a research report on Wednesday, February 19th. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Barclays raised their target price on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Finally, Truist Financial reiterated a "buy" rating and set a $140.00 price target (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $123.28.

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Howmet Aerospace Stock Down 0.5 %

HWM traded down $0.65 during trading on Friday, reaching $123.55. The stock had a trading volume of 557,616 shares, compared to its average volume of 2,746,402. Howmet Aerospace Inc. has a one year low of $62.80 and a one year high of $140.55. The company has a market capitalization of $50.04 billion, a price-to-earnings ratio of 43.86, a P/E/G ratio of 1.92 and a beta of 1.25. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock's 50 day moving average is $128.80 and its two-hundred day moving average is $117.84.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. As a group, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Howmet Aerospace's payout ratio is currently 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.