Mirae Asset Global Investments Co. Ltd. Purchases 30,741 Shares of Howmet Aerospace Inc. (NYSE:HWM)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 120.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,183 shares of the company’s stock after purchasing an additional 30,741 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Howmet Aerospace were worth $6,227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. RiverPark Advisors LLC bought a new stake in Howmet Aerospace in the 3rd quarter valued at $26,000. R Squared Ltd bought a new position in shares of Howmet Aerospace during the 4th quarter worth about $26,000. Hollencrest Capital Management acquired a new stake in shares of Howmet Aerospace during the 3rd quarter valued at about $30,000. Global Trust Asset Management LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at about $33,000. Finally, Hanson & Doremus Investment Management acquired a new position in Howmet Aerospace in the fourth quarter worth about $34,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Down 1.0 %

HWM opened at $127.67 on Friday. The firm has a 50 day simple moving average of $117.83 and a 200 day simple moving average of $106.11. Howmet Aerospace Inc. has a fifty-two week low of $58.34 and a fifty-two week high of $129.69. The company has a market cap of $51.87 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be paid a $0.10 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. Howmet Aerospace’s dividend payout ratio is 15.27%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HWM. Royal Bank of Canada lifted their price objective on Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays boosted their target price on shares of Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. UBS Group increased their target price on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Truist Financial boosted their price target on shares of Howmet Aerospace from $128.00 to $130.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company raised their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.71.

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.