Howmet Aerospace Inc. $HWM Stock Position Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 31.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 108,671 shares of the company’s stock after buying an additional 26,295 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Howmet Aerospace were worth $21,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Howmet Aerospace during the 1st quarter valued at $399,000. Sivia Capital Partners LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth $216,000. Avior Wealth Management LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at $244,000. Finally, Janney Montgomery Scott LLC boosted its stake in Howmet Aerospace by 9.9% during the second quarter. Janney Montgomery Scott LLC now owns 66,963 shares of the company’s stock valued at $12,464,000 after buying an additional 6,013 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HWM shares. Citigroup boosted their price target on shares of Howmet Aerospace from $246.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Sanford C. Bernstein restated an “outperform” rating and set a $247.00 target price on shares of Howmet Aerospace in a report on Tuesday, January 6th. BNP Paribas Exane started coverage on Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price target on the stock. Finally, Truist Financial set a $258.00 price objective on Howmet Aerospace in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Trading Down 0.9%

Howmet Aerospace stock opened at $208.96 on Friday. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $226.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The firm has a market capitalization of $84.01 billion, a price-to-earnings ratio of 58.70, a P/E/G ratio of 2.00 and a beta of 1.29. The company has a 50 day moving average price of $207.40 and a 200 day moving average price of $195.21.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.