Dai ichi Life Insurance Company Ltd Sells 915 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Dai ichi Life Insurance Company Ltd decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,093 shares of the company’s stock after selling 915 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Howmet Aerospace were worth $654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HWM. Accurate Wealth Management LLC purchased a new position in Howmet Aerospace in the 4th quarter worth about $2,825,000. National Bank of Canada FI raised its stake in shares of Howmet Aerospace by 39.0% during the fourth quarter. National Bank of Canada FI now owns 120,557 shares of the company’s stock valued at $6,477,000 after acquiring an additional 33,844 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of Howmet Aerospace by 24.8% in the fourth quarter. First Trust Direct Indexing L.P. now owns 6,381 shares of the company’s stock valued at $345,000 after purchasing an additional 1,269 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Howmet Aerospace in the third quarter worth approximately $1,697,000. Finally, QRG Capital Management Inc. bought a new position in Howmet Aerospace in the third quarter worth approximately $407,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 45,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $67.44, for a total value of $3,034,800.00. Following the transaction, the executive vice president now directly owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on Howmet Aerospace from $77.00 to $87.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Robert W. Baird upped their price objective on shares of Howmet Aerospace from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. KeyCorp raised their target price on shares of Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, February 21st. Truist Financial upped their price target on shares of Howmet Aerospace from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Argus lifted their price objective on shares of Howmet Aerospace from $75.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.67.

Howmet Aerospace Stock Up 2.8 %

NYSE HWM traded up $2.30 during trading on Friday, hitting $84.72. The company’s stock had a trading volume of 2,719,884 shares, compared to its average volume of 3,477,456. Howmet Aerospace Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $85.48. The company has a market cap of $34.58 billion, a PE ratio of 40.93, a P/E/G ratio of 1.52 and a beta of 1.41. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.97 and a quick ratio of 0.92. The business’s 50 day simple moving average is $71.31 and its 200-day simple moving average is $61.88.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, May 2nd. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Howmet Aerospace had a net margin of 12.53% and a return on equity of 21.33%. Howmet Aerospace’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS. On average, equities analysts anticipate that Howmet Aerospace Inc. will post 2.39 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Friday, May 10th will be paid a $0.05 dividend. The ex-dividend date is Thursday, May 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. Howmet Aerospace’s dividend payout ratio is currently 9.66%.

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.