Nomura Asset Management Co. Ltd. Has $12.37 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Nomura Asset Management Co. Ltd. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 113,055 shares of the company’s stock after purchasing an additional 573 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Howmet Aerospace were worth $12,365,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HWM. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace during the fourth quarter worth $25,000. R Squared Ltd acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at about $26,000. Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace in the fourth quarter valued at about $29,000. Global Trust Asset Management LLC acquired a new position in Howmet Aerospace in the fourth quarter worth about $33,000. Finally, Hanson & Doremus Investment Management bought a new position in Howmet Aerospace during the fourth quarter worth about $34,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Down 2.1 %

Shares of NYSE HWM opened at $129.61 on Monday. Howmet Aerospace Inc. has a 1 year low of $62.80 and a 1 year high of $140.55. The firm’s 50-day moving average is $129.41 and its 200-day moving average is $116.04. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $52.50 billion, a PE ratio of 45.96, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio (DPR) is 14.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HWM. Truist Financial reissued a “buy” rating and issued a $140.00 target price (up from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company lifted their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley upped their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.28.

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.