Nissay Asset Management Corp Japan ADV Has $1.20 Million Stock Position in Howmet Aerospace Inc. (NYSE:HWM)


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Nissay Asset Management Corp Japan ADV decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,047 shares of the company’s stock after selling 3,304 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Howmet Aerospace were worth $1,200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HWM. Louisiana State Employees Retirement System grew its stake in shares of Howmet Aerospace by 20.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 19,900 shares of the company’s stock valued at $333,000 after purchasing an additional 3,400 shares during the period. Clear Harbor Asset Management LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at approximately $33,000. State of Michigan Retirement System grew its stake in shares of Howmet Aerospace by 8.9% in the 3rd quarter. State of Michigan Retirement System now owns 106,732 shares of the company’s stock valued at $1,785,000 after purchasing an additional 8,700 shares during the period. New Mexico Educational Retirement Board grew its stake in shares of Howmet Aerospace by 17.8% in the 3rd quarter. New Mexico Educational Retirement Board now owns 30,759 shares of the company’s stock valued at $800,000 after purchasing an additional 4,650 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in shares of Howmet Aerospace in the 3rd quarter valued at approximately $272,000. 86.52% of the stock is owned by hedge funds and other institutional investors.

NYSE:HWM opened at $28.65 on Tuesday. The stock’s fifty day moving average price is $27.33 and its two-hundred day moving average price is $22.31. Howmet Aerospace Inc. has a 52-week low of $9.87 and a 52-week high of $33.30. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.27 and a current ratio of 2.28. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 27.29 and a beta of 1.98.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Tuesday, February 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. Howmet Aerospace had a return on equity of 16.55% and a net margin of 5.16%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the business earned $0.37 EPS. The business’s revenue for the quarter was down 28.6% compared to the same quarter last year. On average, equities analysts predict that Howmet Aerospace Inc. will post 0.73 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on HWM shares. The Goldman Sachs Group started coverage on Howmet Aerospace in a research note on Sunday, December 13th. They issued a “buy” rating and a $34.00 price objective on the stock. Zacks Investment Research upgraded Howmet Aerospace from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, February 8th. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Friday, February 5th. Cowen upgraded Howmet Aerospace from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $21.00 to $30.00 in a research report on Wednesday, November 11th. Finally, KeyCorp assumed coverage on Howmet Aerospace in a research report on Wednesday, February 17th. They set an “overweight” rating and a $36.00 price target on the stock. Eleven investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $30.50.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries. It offers jet engine components, aerospace fastening systems, and titanium structural parts for mission-critical performance and efficiency in aerospace and defense applications, as well as forged wheels for commercial transportation.

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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