Howmet Aerospace Inc. (NYSE:HWM) Position Boosted by Norinchukin Bank The

Norinchukin Bank The boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 4.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,393 shares of the company’s stock after buying an additional 726 shares during the quarter. Norinchukin Bank The’s holdings in Howmet Aerospace were worth $779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Freedom LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at approximately $29,000. Global Retirement Partners LLC raised its holdings in shares of Howmet Aerospace by 117.8% during the first quarter. Global Retirement Partners LLC now owns 747 shares of the company’s stock worth $33,000 after purchasing an additional 404 shares during the period. Aspire Private Capital LLC bought a new position in shares of Howmet Aerospace in the 1st quarter worth about $33,896,000,000. Optiver Holding B.V. acquired a new position in shares of Howmet Aerospace in the 1st quarter valued at about $35,000. Finally, FSC Wealth Advisors LLC bought a new position in shares of Howmet Aerospace during the first quarter valued at approximately $38,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $48.32 on Wednesday. Howmet Aerospace Inc. has a 52-week low of $30.59 and a 52-week high of $51.34. The stock has a market capitalization of $19.92 billion, a price-to-earnings ratio of 38.35, a PEG ratio of 1.55 and a beta of 1.43. The company has a quick ratio of 1.00, a current ratio of 2.22 and a debt-to-equity ratio of 1.07. The stock’s fifty day simple moving average is $49.42 and its 200 day simple moving average is $45.52.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Howmet Aerospace had a return on equity of 18.83% and a net margin of 8.58%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.61 billion. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 1.73 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 4th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.33%. The ex-dividend date was Thursday, August 3rd. Howmet Aerospace’s payout ratio is 12.70%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HWM shares. Bank of America boosted their target price on shares of Howmet Aerospace from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. KeyCorp raised their price target on Howmet Aerospace from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, August 7th. SpectralCast reiterated a “maintains” rating on shares of Howmet Aerospace in a research report on Tuesday, June 20th. JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $48.00 to $53.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 2nd. Finally, Barclays upped their price target on shares of Howmet Aerospace from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.08.

Insider Buying and Selling at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 80,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $50.06, for a total value of $4,004,800.00. Following the completion of the sale, the executive vice president now owns 261,291 shares of the company’s stock, valued at $13,080,227.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.23% 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.