Mirae Asset Global Investments Co. Ltd. Purchases 167,336 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mirae Asset Global Investments Co. Ltd. increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,077,995 shares of the company’s stock after purchasing an additional 167,336 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.50% of Howmet Aerospace worth $102,985,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new position in Howmet Aerospace during the 4th quarter valued at about $134,379,000. Balyasny Asset Management L.P. bought a new position in Howmet Aerospace during the 1st quarter valued at about $111,102,000. American Century Companies Inc. lifted its stake in Howmet Aerospace by 7,858.9% during the 1st quarter. American Century Companies Inc. now owns 2,201,744 shares of the company’s stock valued at $93,281,000 after acquiring an additional 2,174,080 shares during the period. Macquarie Group Ltd. lifted its stake in Howmet Aerospace by 5,231.1% during the 1st quarter. Macquarie Group Ltd. now owns 1,575,116 shares of the company’s stock valued at $66,738,000 after acquiring an additional 1,545,570 shares during the period. Finally, Artisan Partners Limited Partnership bought a new position in Howmet Aerospace during the 2nd quarter valued at about $62,460,000. Institutional investors own 88.67% of the company’s stock.

Howmet Aerospace Trading Down 0.1 %

Howmet Aerospace stock opened at $51.47 on Friday. Howmet Aerospace Inc. has a 12-month low of $36.66 and a 12-month high of $52.13. The company has a current ratio of 2.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 1.35 and a beta of 1.44. The firm has a 50 day moving average of $46.48 and a 200 day moving average of $47.11.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 10th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.39%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, November 8th. Howmet Aerospace’s dividend payout ratio is presently 13.16%.

Analysts Set New Price Targets

Several research firms have issued reports on HWM. Morgan Stanley upped their target price on shares of Howmet Aerospace from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $48.00 to $53.00 and gave the company an “overweight” rating in a research report on Wednesday, August 2nd. Benchmark reaffirmed a “buy” rating and set a $53.00 price target on shares of Howmet Aerospace in a research report on Wednesday, August 2nd. Barclays upped their price target on shares of Howmet Aerospace from $52.00 to $57.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. Finally, UBS Group initiated coverage on shares of Howmet Aerospace in a research report on Tuesday, October 10th. They set a “neutral” rating and a $51.00 price target for the company. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $53.69.

About Howmet Aerospace

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.