Mirae Asset Global Investments Co. Ltd. Has $21.33 Million Position in Howmet Aerospace Inc. $HWM

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 31.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,671 shares of the company’s stock after acquiring an additional 26,295 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Howmet Aerospace were worth $21,325,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWM. Norges Bank acquired a new position in Howmet Aerospace in the second quarter worth approximately $1,633,157,000. JPMorgan Chase & Co. increased its stake in shares of Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after purchasing an additional 7,356,077 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Howmet Aerospace by 51.8% during the 2nd quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock valued at $676,769,000 after purchasing an additional 1,240,071 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Howmet Aerospace by 1,340.2% in the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock valued at $163,137,000 after purchasing an additional 819,040 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in Howmet Aerospace by 68.8% in the second quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock worth $356,617,000 after purchasing an additional 780,896 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 0.9%

Shares of HWM stock opened at $208.96 on Friday. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $226.87. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The firm has a market cap of $84.01 billion, a PE ratio of 58.70, a price-to-earnings-growth ratio of 2.00 and a beta of 1.29. The stock has a 50 day moving average of $207.40 and a 200-day moving average of $195.21.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. Howmet Aerospace’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share. On average, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 6th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is presently 13.48%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and set a $247.00 target price on shares of Howmet Aerospace in a report on Tuesday, January 6th. UBS Group raised their price objective on Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. TD Cowen restated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. Finally, Bank of America boosted their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.