Mitsubishi UFJ Asset Management Co. Ltd. Has $20.21 Million Position in Howmet Aerospace Inc. (NYSE:HWM)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 382,981 shares of the company's stock after purchasing an additional 23,999 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.09% of Howmet Aerospace worth $20,206,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Howmet Aerospace by 491.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 134,808 shares of the company's stock worth $6,235,000 after buying an additional 111,998 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Howmet Aerospace by 1.8% in the 3rd quarter. Yousif Capital Management LLC now owns 56,576 shares of the company's stock valued at $2,617,000 after purchasing an additional 1,023 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Howmet Aerospace by 18.0% in the third quarter. Fifth Third Bancorp now owns 12,766 shares of the company's stock valued at $590,000 after purchasing an additional 1,950 shares during the period. New Mexico Educational Retirement Board raised its stake in shares of Howmet Aerospace by 6.7% during the third quarter. New Mexico Educational Retirement Board now owns 19,109 shares of the company's stock worth $884,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Howmet Aerospace by 12.9% during the third quarter. Daiwa Securities Group Inc. now owns 33,568 shares of the company's stock worth $1,553,000 after purchasing an additional 3,831 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HWM shares. Truist Financial boosted their price objective on shares of Howmet Aerospace from $74.00 to $88.00 and gave the company a "buy" rating in a research note on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $55.00 to $60.00 and gave the stock an "overweight" rating in a report on Wednesday, February 14th. Barclays lifted their price objective on Howmet Aerospace from $65.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, May 6th. Royal Bank of Canada increased their target price on Howmet Aerospace from $75.00 to $90.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. Finally, Benchmark restated a "buy" rating and issued a $53.00 price target on shares of Howmet Aerospace in a research note on Friday, April 19th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.67.

Insider Buying and Selling

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 229,568 shares of the company's stock, valued at $15,482,065.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.12% of the stock is currently owned by company insiders.

Howmet Aerospace Price Performance

NYSE:HWM traded up $0.40 during mid-day trading on Friday, hitting $82.93. 1,332,685 shares of the company's stock traded hands, compared to its average volume of 3,406,008. Howmet Aerospace Inc. has a 1 year low of $42.17 and a 1 year high of $83.17. The company has a market cap of $33.85 billion, a PE ratio of 39.87, a price-to-earnings-growth ratio of 1.66 and a beta of 1.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.92 and a current ratio of 1.97. The firm's 50 day simple moving average is $69.19 and its 200 day simple moving average is $60.31.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.05. The business 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%. The company's revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Sell-side analysts expect that Howmet Aerospace Inc. will post 2.39 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

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.