Nomura Holdings Inc. Invests $1.46 Million in Howmet Aerospace Inc. (NYSE:HWM)

Nomura Holdings Inc. purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,385 shares of the company’s stock, valued at approximately $1,464,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $25,000. Meeder Asset Management Inc. increased its stake in shares of Howmet Aerospace by 208.1% during the fourth quarter. Meeder Asset Management Inc. now owns 228 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $25,000. R Squared Ltd acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $26,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Howmet Aerospace during the fourth quarter worth about $29,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 1.0%

HWM stock opened at $162.89 on Friday. The company’s 50 day simple moving average is $134.88 and its 200-day simple moving average is $124.97. The firm has a market capitalization of $65.75 billion, a PE ratio of 57.76, a P/E/G ratio of 1.92 and a beta of 1.37. Howmet Aerospace Inc. has a 12 month low of $76.83 and a 12 month high of $162.91. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.17 and a quick ratio of 0.98.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.77 by $0.09. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.94 billion. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 earnings per share. Equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Friday, May 9th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Friday, May 9th. Howmet Aerospace’s payout ratio is 13.03%.

Wall Street Analyst Weigh In

HWM has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Howmet Aerospace from $150.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd. BTIG Research restated a “buy” rating on shares of Howmet Aerospace in a research report on Monday, May 5th. Northcoast Research upgraded shares of Howmet Aerospace from a “sell” rating to a “neutral” rating in a research report on Wednesday, April 9th. UBS Group upped their target price on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, May 2nd. Finally, Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $132.53.

Insider Activity at Howmet Aerospace

In related news, VP Barbara Lou Shultz sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $155.17, for a total transaction of $193,962.50. Following the transaction, the vice president now owns 23,044 shares of the company’s stock, valued at approximately $3,575,737.48. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO John C. Plant sold 800,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $156.96, for a total transaction of $125,568,000.00. Following the transaction, the chief executive officer now directly owns 236,544 shares in the company, valued at $37,127,946.24. The trade was a 77.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 831,250 shares of company stock valued at $130,517,863. Company insiders own 1.12% of the company’s stock.

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.