Howmet Aerospace Inc. (NYSE:HWM) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,851 shares of the company's stock after purchasing an additional 6,668 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Howmet Aerospace were worth $8,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HWM. Norges Bank bought a new position in shares of Howmet Aerospace in the fourth quarter worth about $1,001,558,000. JPMorgan Chase & Co. grew its stake in Howmet Aerospace by 14.0% in the 4th quarter. JPMorgan Chase & Co. now owns 20,198,146 shares of the company's stock worth $2,209,071,000 after acquiring an additional 2,486,649 shares in the last quarter. Winslow Capital Management LLC purchased a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $265,844,000. GAMMA Investing LLC increased its position in shares of Howmet Aerospace by 15,741.8% during the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after acquiring an additional 1,319,792 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of Howmet Aerospace by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after acquiring an additional 1,026,130 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HWM shares. Benchmark increased their price objective on Howmet Aerospace from $85.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. Northcoast Research raised Howmet Aerospace from a "sell" rating to a "neutral" rating in a research report on Wednesday, April 9th. UBS Group lifted their price objective on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Finally, Truist Financial raised their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $142.13.

Insider Transactions at Howmet Aerospace

In related news, EVP Neil Edward Marchuk sold 30,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $158.53, for a total value of $4,755,900.00. Following the transaction, the executive vice president directly owned 131,859 shares of the company's stock, valued at $20,903,607.27. This represents a 18.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Barbara Lou Shultz sold 1,250 shares of Howmet Aerospace stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $155.17, for a total value of $193,962.50. Following the sale, the vice president directly owned 23,044 shares of the company's stock, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their position. 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. Company insiders own 1.04% of the company's stock.

Howmet Aerospace Stock Up 2.6%

Shares of Howmet Aerospace stock traded up $4.64 during trading on Friday, reaching $180.59. The company's stock had a trading volume of 1,766,373 shares, compared to its average volume of 2,802,076. Howmet Aerospace Inc. has a 1-year low of $77.22 and a 1-year high of $187.51. The company has a 50-day simple moving average of $165.79 and a two-hundred day simple moving average of $138.59. The company has a quick ratio of 1.07, a current ratio of 2.30 and a debt-to-equity ratio of 0.70. The company has a market cap of $72.90 billion, a price-to-earnings ratio of 58.82, a P/E/G ratio of 2.73 and a beta of 1.43.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.86 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.09. Howmet Aerospace had a return on equity of 27.25% and a net margin of 16.64%. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th were paid 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 0.22%. Howmet Aerospace's payout ratio is currently 13.03%.

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.