Nomura Holdings Inc. cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM – Get Rating) by 66.3% during the second quarter, Holdings Channel reports. The fund owned 768,089 shares of the company's stock after selling 1,514,483 shares during the quarter. Nomura Holdings Inc.'s holdings in Howmet Aerospace were worth $22,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Walleye Capital LLC grew its holdings in shares of Howmet Aerospace by 11.5% during the 1st quarter. Walleye Capital LLC now owns 30,230 shares of the company's stock worth $1,086,000 after purchasing an additional 3,113 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Howmet Aerospace by 6.7% during the second quarter. Commonwealth Equity Services LLC now owns 34,268 shares of the company's stock worth $1,077,000 after purchasing an additional 2,156 shares during the period. PNC Financial Services Group Inc. grew its stake in Howmet Aerospace by 3.6% during the first quarter. PNC Financial Services Group Inc. now owns 48,093 shares of the company's stock worth $1,728,000 after purchasing an additional 1,690 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Howmet Aerospace by 23.0% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,852 shares of the company's stock valued at $876,000 after acquiring an additional 5,215 shares during the period. Finally, State of Michigan Retirement System grew its stake in Howmet Aerospace by 6.1% in the second quarter. State of Michigan Retirement System now owns 101,545 shares of the company's stock valued at $3,194,000 after acquiring an additional 5,800 shares during the period. 90.86% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Trading Up 1.0 %

Shares of HWM stock opened at $38.00 on Friday. The company has a quick ratio of 0.89, a current ratio of 2.06 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average price of $35.83 and a two-hundred day moving average price of $35.06. Howmet Aerospace Inc. has a 12-month low of $28.51 and a 12-month high of $39.25. The firm has a market cap of $15.72 billion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 25th. Shareholders of record on Friday, November 4th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, November 3rd. This represents a $0.16 annualized dividend and a yield of 0.42%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.02. Howmet Aerospace's payout ratio is 15.53%.

Analyst Ratings Changes

A number of analysts recently commented on HWM shares. Bank of America started coverage on Howmet Aerospace in a report on Monday, October 10th. They set a "buy" rating and a $40.00 price target on the stock. Wells Fargo & Company boosted their target price on Howmet Aerospace from $40.00 to $43.00 and gave the company an "overweight" rating in a research note on Wednesday, November 9th. KeyCorp lifted their price target on Howmet Aerospace from $38.00 to $39.00 and gave the company an "overweight" rating in a research report on Tuesday, November 1st. Vertical Research reduced their price target on Howmet Aerospace to $45.00 in a research report on Friday, November 4th. Finally, Morgan Stanley boosted their target price on Howmet Aerospace from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, September 8th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.00.

Howmet Aerospace Company Profile

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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.

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