Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 48,869 shares of the company’s stock after buying an additional 247 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Howmet Aerospace were worth $2,645,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in Howmet Aerospace by 61.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 558 shares of the company’s stock worth $26,000 after purchasing an additional 212 shares in the last quarter. Headinvest LLC purchased a new stake in Howmet Aerospace in the 3rd quarter worth $30,000. Kathleen S. Wright Associates Inc. purchased a new stake in Howmet Aerospace in the 3rd quarter worth $31,000. Lindbrook Capital LLC lifted its stake in Howmet Aerospace by 34.4% in the 4th quarter. Lindbrook Capital LLC now owns 894 shares of the company’s stock worth $48,000 after purchasing an additional 229 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Howmet Aerospace by 33.1% in the 4th quarter. Blue Trust Inc. now owns 1,089 shares of the company’s stock worth $59,000 after purchasing an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HWM. Truist Financial upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating and upped their target price for the company from $47.00 to $74.00 in a research report on Wednesday, January 10th. UBS Group upped their target price on shares of Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $65.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. KeyCorp upped their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada began coverage on shares of Howmet Aerospace in a research report on Monday, March 18th. They set an “outperform” rating and a $75.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $66.00.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $64.77 on Wednesday. The company has a market capitalization of $26.45 billion, a P/E ratio of 35.39, a P/E/G ratio of 1.65 and a beta of 1.43. The company’s 50-day simple moving average is $65.84 and its two-hundred day simple moving average is $56.83. Howmet Aerospace Inc. has a one year low of $42.17 and a one year high of $69.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.06. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.65 billion. Howmet Aerospace had a net margin of 11.52% and a return on equity of 20.12%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company posted $0.38 earnings per share. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 2.18 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 9th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend was Thursday, February 8th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.93%.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the transaction, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at $15,482,065.92. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.12% of the company’s stock.

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.