Mizuho Securities USA LLC Boosts Holdings in Howmet Aerospace Inc. (NYSE:HWM)

Mizuho Securities USA LLC lifted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 45.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 38,504 shares of the company’s stock after buying an additional 12,038 shares during the quarter. Mizuho Securities USA LLC’s holdings in Howmet Aerospace were worth $4,211,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HWM. Quest Partners LLC raised its position in shares of Howmet Aerospace by 94.9% in the 3rd quarter. Quest Partners LLC now owns 1,405 shares of the company’s stock worth $141,000 after purchasing an additional 684 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Howmet Aerospace by 26.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 61,894 shares of the company’s stock worth $6,205,000 after purchasing an additional 13,022 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Howmet Aerospace by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,305,249 shares of the company’s stock worth $231,101,000 after purchasing an additional 114,457 shares during the last quarter. Cerity Partners LLC raised its position in shares of Howmet Aerospace by 155.4% in the 3rd quarter. Cerity Partners LLC now owns 55,365 shares of the company’s stock worth $5,550,000 after purchasing an additional 33,686 shares during the last quarter. Finally, Kingsview Wealth Management LLC bought a new stake in Howmet Aerospace in the 3rd quarter worth about $497,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.7 %

Shares of NYSE:HWM opened at $130.70 on Monday. The stock has a 50 day moving average of $128.09 and a 200 day moving average of $114.61. The company has a market cap of $52.94 billion, a PE ratio of 46.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.54. The company has a current ratio of 2.17, a quick ratio of 0.98 and a debt-to-equity ratio of 0.74. Howmet Aerospace Inc. has a 12-month low of $62.80 and a 12-month high of $140.55.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current 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 $0.10 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.08. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Howmet Aerospace’s payout ratio is currently 14.18%.

Analysts Set New Price Targets

HWM has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, February 19th. Wells Fargo & Company lifted their price objective on Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $124.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Barclays lifted their price objective on Howmet Aerospace from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.