Mitsubishi UFJ Trust & Banking Corp Has $21.33 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)

Mitsubishi UFJ Trust & Banking Corp cut its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 195,033 shares of the company’s stock after selling 10,982 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Howmet Aerospace were worth $21,331,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $26,000. Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in Howmet Aerospace in the 4th quarter valued at approximately $33,000. Hanson & Doremus Investment Management bought a new position in Howmet Aerospace in the 4th quarter worth approximately $34,000. Finally, ORG Partners LLC acquired a new position in shares of Howmet Aerospace during the fourth quarter worth approximately $44,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 1.1 %

Shares of NYSE:HWM opened at $132.64 on Friday. The company has a market capitalization of $53.72 billion, a PE ratio of 47.04, a P/E/G ratio of 1.92 and a beta of 1.54. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company’s fifty day moving average is $129.32 and its 200-day moving average is $115.48. Howmet Aerospace Inc. has a 52 week low of $62.80 and a 52 week high of $140.55.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Friday, February 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.30%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 14.18%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HWM. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $124.00 to $139.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Barclays lifted their target price on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $140.00 price target (up previously from $130.00) on shares of Howmet Aerospace in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.28.

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.