Howmet Aerospace Inc. (NYSE:HWM) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 14.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,260 shares of the company’s stock after buying an additional 6,034 shares during the period. Daiwa Securities Group Inc.’s holdings in Howmet Aerospace were worth $4,838,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caprock Group LLC grew its stake in Howmet Aerospace by 1.0% during the 3rd quarter. Caprock Group LLC now owns 11,179 shares of the company’s stock valued at $1,121,000 after acquiring an additional 106 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Howmet Aerospace by 6.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock valued at $195,000 after purchasing an additional 124 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of Howmet Aerospace by 2.4% in the third quarter. OneDigital Investment Advisors LLC now owns 5,260 shares of the company’s stock valued at $527,000 after purchasing an additional 124 shares during the last quarter. Assetmark Inc. lifted its position in Howmet Aerospace by 40.0% during the third quarter. Assetmark Inc. now owns 441 shares of the company’s stock worth $44,000 after buying an additional 126 shares in the last quarter. Finally, Huntington National Bank lifted its position in Howmet Aerospace by 11.1% during the third quarter. Huntington National Bank now owns 1,526 shares of the company’s stock worth $153,000 after buying an additional 152 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 1.2 %

Shares of NYSE:HWM opened at $117.18 on Wednesday. The firm has a market capitalization of $47.61 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.46. Howmet Aerospace Inc. has a 1 year low of $51.47 and a 1 year high of $119.28. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98. The firm’s 50-day moving average is $105.49 and its two-hundred day moving average is $93.09.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Friday, November 8th. Howmet Aerospace’s payout ratio is currently 12.21%.

Analysts Set New Price Targets

A number of brokerages have issued reports on HWM. BTIG Research raised their target price on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Susquehanna raised their price objective on shares of Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research report on Thursday, November 7th. Truist Financial lifted their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Royal Bank of Canada raised their price target on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $115.41.

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.