Dai ichi Life Insurance Company Ltd Has $1.39 Million Stake in Howmet Aerospace Inc. (NYSE:HWM)

Dai ichi Life Insurance Company Ltd raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 54.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,823 shares of the company’s stock after buying an additional 4,874 shares during the period. Dai ichi Life Insurance Company Ltd’s holdings in Howmet Aerospace were worth $1,386,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. The Manufacturers Life Insurance Company grew its holdings in shares of Howmet Aerospace by 4.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 245,943 shares of the company’s stock valued at $24,656,000 after acquiring an additional 10,158 shares in the last quarter. DRW Securities LLC acquired a new position in Howmet Aerospace during the third quarter valued at approximately $603,000. Independent Advisor Alliance bought a new position in Howmet Aerospace in the third quarter valued at approximately $2,342,000. Daiwa Securities Group Inc. increased its position in shares of Howmet Aerospace by 14.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 48,260 shares of the company’s stock worth $4,838,000 after purchasing an additional 6,034 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its stake in shares of Howmet Aerospace by 25.0% during the 3rd quarter. Summit Trail Advisors LLC now owns 3,700 shares of the company’s stock worth $371,000 after purchasing an additional 739 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. KeyCorp cut shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research note on Thursday, October 24th. Robert W. Baird boosted their price objective on shares of Howmet Aerospace from $113.00 to $144.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Truist Financial upped their target price on shares of Howmet Aerospace from $123.00 to $128.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Susquehanna lifted their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a report on Thursday, November 7th. Finally, Barclays upped their price objective on Howmet Aerospace from $100.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.41.

Howmet Aerospace Stock Performance

HWM opened at $116.69 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.98 and a current ratio of 2.24. Howmet Aerospace Inc. has a 52-week low of $51.47 and a 52-week high of $119.28. The firm has a market cap of $47.41 billion, a P/E ratio of 44.54, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. The business’s fifty day moving average is $105.93 and its 200-day moving average is $93.25.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.32 dividend on an annualized basis and a yield of 0.27%. Howmet Aerospace’s payout ratio is 12.21%.

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.