Sumitomo Mitsui DS Asset Management Company Ltd Acquires 247 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,869 shares of the company’s stock after purchasing an additional 247 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Howmet Aerospace were worth $2,645,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Accurate Wealth Management LLC bought a new position in shares of Howmet Aerospace in the 4th quarter valued at $2,825,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Howmet Aerospace in the 3rd quarter valued at $1,697,000. QRG Capital Management Inc. bought a new position in shares of Howmet Aerospace in the 3rd quarter valued at $407,000. Cullen Investment Group LTD. bought a new position in shares of Howmet Aerospace in the 4th quarter valued at $703,000. Finally, Victory Capital Management Inc. increased its stake in shares of Howmet Aerospace by 15.0% in the 3rd quarter. Victory Capital Management Inc. now owns 347,072 shares of the company’s stock valued at $16,052,000 after purchasing an additional 45,246 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was 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 approximately $15,482,065.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.12% of the stock is owned by company insiders.

Howmet Aerospace Stock Up 2.9 %

Shares of NYSE:HWM opened at $64.77 on Wednesday. The company has a market capitalization of $26.45 billion, a price-to-earnings ratio of 35.39, a P/E/G ratio of 1.65 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87. The business’s 50-day moving average is $65.84 and its 200-day moving average is $56.83. Howmet Aerospace Inc. has a 1 year low of $42.17 and a 1 year high of $69.55.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.65 billion. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.38 EPS. Equities research analysts predict that Howmet Aerospace Inc. will post 2.18 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Friday, February 9th were paid a $0.05 dividend. 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 is 10.93%.

Analyst Upgrades and Downgrades

HWM has been the topic of a number of research reports. Barclays boosted their price objective on Howmet Aerospace from $60.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 20th. KeyCorp boosted their price objective on Howmet Aerospace from $60.00 to $70.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 21st. Royal Bank of Canada initiated coverage on Howmet Aerospace in a research report on Monday, March 18th. They set an “outperform” rating and a $75.00 price objective on the stock. Sanford C. Bernstein initiated coverage on Howmet Aerospace in a research report on Friday, January 5th. They set an “outperform” rating and a $67.00 price objective on the stock. Finally, UBS Group boosted their price objective on Howmet Aerospace from $57.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $66.00.

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.