Axxcess Wealth Management LLC lifted its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 32.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,840 shares of the company’s stock after buying an additional 2,685 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Howmet Aerospace were worth $2,018,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Howmet Aerospace by 1.5% in the first quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company’s stock worth $6,202,814,000 after buying an additional 695,953 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock worth $3,171,970,000 after buying an additional 4,252,401 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Howmet Aerospace by 8.3% in the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock worth $949,006,000 after buying an additional 563,109 shares during the last quarter. Northern Trust Corp raised its stake in Howmet Aerospace by 1.3% during the 1st quarter. Northern Trust Corp now owns 3,722,871 shares of the company’s stock valued at $482,968,000 after purchasing an additional 45,963 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Howmet Aerospace by 6.1% during the 1st quarter. Ameriprise Financial Inc. now owns 3,589,432 shares of the company’s stock valued at $465,666,000 after purchasing an additional 206,397 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Truist Financial upped their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the company a “buy” rating in a research note on Monday, August 4th. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Susquehanna upped their target price on shares of Howmet Aerospace from $210.00 to $220.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Finally, Vertical Research reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $178.00.
Howmet Aerospace Trading Down 0.4%
Shares of HWM stock opened at $192.23 on Thursday. Howmet Aerospace Inc. has a 52-week low of $98.83 and a 52-week high of $198.48. The stock has a market cap of $77.49 billion, a price-to-earnings ratio of 56.21, a P/E/G ratio of 2.50 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The firm has a fifty day moving average of $183.23 and a 200-day moving average of $168.88.
Howmet Aerospace (NYSE:HWM – Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The business’s revenue was up 9.2% on a year-over-year basis. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.
Howmet Aerospace Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be paid a $0.12 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 14.04%.
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.
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