Mitsubishi UFJ Trust & Banking Corp Has $7.56 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWMGet Rating) by 6.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 210,206 shares of the company’s stock after selling 13,314 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Howmet Aerospace were worth $7,555,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HWM. AIA Group Ltd acquired a new position in Howmet Aerospace during the first quarter valued at approximately $36,000. Sandy Spring Bank grew its holdings in Howmet Aerospace by 1,200.0% during the first quarter. Sandy Spring Bank now owns 1,300 shares of the company’s stock valued at $47,000 after purchasing an additional 1,200 shares during the period. Shell Asset Management Co. grew its holdings in Howmet Aerospace by 30.8% during the first quarter. Shell Asset Management Co. now owns 1,341 shares of the company’s stock valued at $48,000 after purchasing an additional 316 shares during the period. Rockefeller Capital Management L.P. grew its holdings in Howmet Aerospace by 297.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,750 shares of the company’s stock valued at $55,000 after purchasing an additional 1,310 shares during the period. Finally, Ellevest Inc. grew its holdings in Howmet Aerospace by 47.6% during the first quarter. Ellevest Inc. now owns 2,096 shares of the company’s stock valued at $75,000 after purchasing an additional 676 shares during the period. Institutional investors and hedge funds own 90.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HWM shares. KeyCorp decreased their price objective on shares of Howmet Aerospace from $42.00 to $41.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Argus upped their price target on shares of Howmet Aerospace from $38.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, June 7th. Benchmark upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a report on Friday, July 8th. Finally, Truist Financial started coverage on shares of Howmet Aerospace in a report on Wednesday, July 6th. They issued a “buy” rating and a $41.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, Howmet Aerospace currently has a consensus rating of “Buy” and an average price target of $40.57.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $35.02 on Friday. The company’s fifty day simple moving average is $35.13 and its 200-day simple moving average is $34.86. The company has a quick ratio of 0.96, a current ratio of 2.15 and a debt-to-equity ratio of 1.24. The firm has a market cap of $14.55 billion, a PE ratio of 39.01 and a beta of 1.59. Howmet Aerospace Inc. has a 12 month low of $27.41 and a 12 month high of $38.99.

Howmet Aerospace (NYSE:HWMGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.02. Howmet Aerospace had a net margin of 7.23% and a return on equity of 15.45%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. Equities research analysts expect that Howmet Aerospace Inc. will post 1.42 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 25th. Stockholders of record on Friday, August 5th were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend was Thursday, August 4th. Howmet Aerospace’s payout ratio is presently 8.89%.

Howmet Aerospace Company Profile

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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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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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