Asset Management One Co. Ltd. Has $26.33 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

Asset Management One Co. Ltd. boosted its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 202,950 shares of the company's stock after purchasing an additional 11,902 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of Howmet Aerospace worth $26,329,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in Howmet Aerospace in the fourth quarter worth approximately $25,000. Meeder Asset Management Inc. lifted its position in Howmet Aerospace by 208.1% in the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in Howmet Aerospace in the fourth quarter worth approximately $25,000. Washington Trust Advisors Inc. acquired a new stake in Howmet Aerospace in the fourth quarter worth approximately $29,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Howmet Aerospace in the fourth quarter worth approximately $30,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 0.5%

Shares of HWM traded up $0.88 during mid-day trading on Thursday, reaching $176.96. The company's stock had a trading volume of 4,389,116 shares, compared to its average volume of 2,709,191. The business has a fifty day moving average of $159.24 and a 200 day moving average of $135.85. The company has a market cap of $71.43 billion, a price-to-earnings ratio of 57.64, a price-to-earnings-growth ratio of 2.67 and a beta of 1.44. Howmet Aerospace Inc. has a 1 year low of $76.83 and a 1 year high of $179.22. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.86 earnings per share (EPS) 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 analyst estimates of $1.94 billion. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. As a group, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 9th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.23%. Howmet Aerospace's dividend payout ratio is 13.03%.

Analysts Set New Price Targets

HWM has been the subject of a number of research analyst reports. UBS Group upped their target price on Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. BTIG Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Northcoast Research upgraded Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. Wells Fargo & Company increased their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Finally, Royal Bank Of Canada increased their price objective on Howmet Aerospace from $165.00 to $200.00 and gave the company an "outperform" rating in a research report on Monday, June 9th. Four analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $142.13.

Insider Buying and Selling

In other Howmet Aerospace news, CEO John C. Plant sold 800,000 shares of the stock in a transaction on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer now directly owns 236,544 shares of the company's stock, valued at $37,127,946.24. This represents a 77.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $193,962.50. Following the transaction, the vice president now directly owns 23,044 shares in the company, valued at $3,575,737.48. The trade was a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 831,250 shares of company stock worth $130,517,863. Corporate insiders own 1.04% of the company's stock.

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.