Daiwa Securities Group Inc. Raises Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Daiwa Securities Group Inc. grew its stake in Howmet Aerospace Inc. (NYSE:HWM) by 14.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 48,260 shares of the company’s stock after buying an additional 6,034 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Howmet Aerospace were worth $4,838,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in HWM. Lone Pine Capital LLC purchased a new position in Howmet Aerospace in the second quarter worth approximately $284,539,000. TD Asset Management Inc raised its holdings in shares of Howmet Aerospace by 16.9% in the 2nd quarter. TD Asset Management Inc now owns 3,152,629 shares of the company’s stock valued at $244,739,000 after purchasing an additional 455,180 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Howmet Aerospace by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after purchasing an additional 114,457 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Howmet Aerospace by 2.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,102,155 shares of the company’s stock worth $163,218,000 after purchasing an additional 56,614 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in Howmet Aerospace by 12.2% in the third quarter. Los Angeles Capital Management LLC now owns 1,378,141 shares of the company’s stock valued at $138,159,000 after buying an additional 150,387 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 1.2 %

Howmet Aerospace stock opened at $117.18 on Wednesday. The stock has a 50 day moving average of $105.49 and a two-hundred day moving average of $93.09. Howmet Aerospace Inc. has a twelve month low of $51.47 and a twelve month high of $119.28. The stock has a market capitalization of $47.61 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.59 and a beta of 1.46. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

HWM has been the subject of several analyst reports. BTIG Research upped their price objective on Howmet Aerospace from $95.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Bank of America upped their price target on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Sanford C. Bernstein raised their price objective on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $83.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, UBS Group lifted their price target on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.41.

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.