Daiwa Securities Group Inc. trimmed its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Get Rating) by 38.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,864 shares of the company’s stock after selling 17,697 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Howmet Aerospace were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue increased its holdings in Howmet Aerospace by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 51,541 shares of the company’s stock worth $2,031,000 after purchasing an additional 270 shares in the last quarter. Utah Retirement Systems grew its stake in Howmet Aerospace by 0.4% in the third quarter. Utah Retirement Systems now owns 67,074 shares of the company’s stock valued at $2,074,000 after acquiring an additional 300 shares during the period. Deseret Mutual Benefit Administrators grew its stake in Howmet Aerospace by 5.9% in the third quarter. Deseret Mutual Benefit Administrators now owns 5,679 shares of the company’s stock valued at $176,000 after acquiring an additional 316 shares during the period. Signaturefd LLC grew its stake in Howmet Aerospace by 12.8% in the fourth quarter. Signaturefd LLC now owns 2,904 shares of the company’s stock valued at $114,000 after acquiring an additional 330 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC acquired a new stake in Howmet Aerospace in the third quarter valued at approximately $830,000. 91.49% of the stock is currently owned by institutional investors.
Howmet Aerospace Stock Performance
Shares of HWM opened at $44.70 on Thursday. The firm has a market cap of $18.41 billion, a PE ratio of 40.27, a PEG ratio of 1.13 and a beta of 1.44. The stock’s fifty day moving average price is $42.24 and its two-hundred day moving average price is $39.86. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.12 and a quick ratio of 1.04. Howmet Aerospace Inc. has a 1 year low of $29.84 and a 1 year high of $45.70.
Howmet Aerospace Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Friday, May 5th will be paid a $0.04 dividend. The ex-dividend date is Thursday, May 4th. This represents a $0.16 annualized dividend and a dividend yield of 0.36%. Howmet Aerospace’s payout ratio is presently 14.41%.
Insider Buying and Selling at Howmet Aerospace
In related news, VP Barbara Lou Shultz sold 4,627 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $42.16, for a total transaction of $195,074.32. Following the sale, the vice president now directly owns 20,542 shares in the company, valued at approximately $866,050.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, VP Barbara Lou Shultz sold 4,627 shares of the business’s stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $42.16, for a total transaction of $195,074.32. Following the sale, the vice president now directly owns 20,542 shares in the company, valued at approximately $866,050.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Neil Edward Marchuk sold 57,000 shares of the business’s stock in a transaction on Monday, March 6th. The shares were sold at an average price of $43.61, for a total value of $2,485,770.00. Following the sale, the executive vice president now owns 286,751 shares in the company, valued at $12,505,211.11. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their price objective on Howmet Aerospace from $50.00 to $48.00 and set an “overweight” rating for the company in a research note on Wednesday, March 22nd. Jefferies Financial Group initiated coverage on Howmet Aerospace in a research report on Wednesday, March 22nd. They set a “buy” rating and a $50.00 target price on the stock. Benchmark raised Howmet Aerospace from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Friday, March 31st. Argus lifted their target price on Howmet Aerospace from $43.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, February 21st. Finally, Truist Financial lifted their target price on Howmet Aerospace from $39.00 to $42.00 in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $46.30.
About Howmet Aerospace
Howmet Aerospace, Inc engages in provision of engineered solutions for the aerospace and transportation industries. It operates through the following segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels. The Engine Products segment produces investment castings, including airfoils, and seamless rolled rings primarily for aircraft engines (aerospace commercial and defense) and industrial gas turbines.
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