Nissay Asset Management Corp Japan ADV Increases Position in Howmet Aerospace Inc. (NYSE:HWM)

Nissay Asset Management Corp Japan ADV grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.3% during the fourth quarter, Holdings Channel reports. The firm owned 47,276 shares of the company’s stock after acquiring an additional 602 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Howmet Aerospace were worth $5,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Howmet Aerospace by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 47,117,309 shares of the company’s stock worth $5,153,220,000 after acquiring an additional 352,256 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Howmet Aerospace by 14.0% during the fourth quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company’s stock worth $2,209,071,000 after purchasing an additional 2,486,649 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Howmet Aerospace by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company’s stock worth $1,445,210,000 after purchasing an additional 80,972 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company’s stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Howmet Aerospace by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 9,810,797 shares of the company’s stock valued at $1,070,267,000 after purchasing an additional 308,574 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their target price on shares of Howmet Aerospace from $150.00 to $165.00 and gave the stock an “outperform” rating in a report on Friday, May 2nd. The Goldman Sachs Group increased their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Truist Financial decreased their target price on Howmet Aerospace from $140.00 to $136.00 and set a “buy” rating for the company in a report on Thursday, April 17th. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Benchmark increased their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.53.

Howmet Aerospace Stock Up 1.1%

Howmet Aerospace stock opened at $161.25 on Friday. The company has a market capitalization of $65.09 billion, a P/E ratio of 57.18, a PEG ratio of 1.92 and a beta of 1.37. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. Howmet Aerospace Inc. has a fifty-two week low of $76.83 and a fifty-two week high of $162.12. The stock has a 50-day simple moving average of $134.13 and a 200-day simple moving average of $124.37.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.09. The company had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be given a $0.10 dividend. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a yield of 0.25%. Howmet Aerospace’s dividend payout ratio (DPR) is 13.03%.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $158.53, for a total transaction of $4,755,900.00. Following the completion of the sale, the executive vice president now owns 131,859 shares in the company, valued at $20,903,607.27. This represents a 18.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Barbara Lou Shultz sold 1,250 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president now directly owns 23,044 shares of the company’s stock, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 831,250 shares of company stock worth $130,517,863 in the last 90 days. Company insiders own 1.12% of the company’s stock.

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.