Profund Advisors LLC Boosts Stock Holdings in Howmet Aerospace Inc. $HWM

Profund Advisors LLC raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 30.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,698 shares of the company’s stock after buying an additional 1,339 shares during the quarter. Profund Advisors LLC’s holdings in Howmet Aerospace were worth $1,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Summit X LLC raised its position in shares of Howmet Aerospace by 11.3% in the second quarter. Summit X LLC now owns 1,808 shares of the company’s stock valued at $337,000 after purchasing an additional 184 shares during the period. PFG Advisors lifted its holdings in shares of Howmet Aerospace by 17.5% in the second quarter. PFG Advisors now owns 11,274 shares of the company’s stock worth $2,098,000 after buying an additional 1,681 shares in the last quarter. Efficient Advisors LLC purchased a new position in Howmet Aerospace during the second quarter valued at approximately $503,000. Sound View Wealth Advisors Group LLC bought a new position in Howmet Aerospace in the 2nd quarter valued at $206,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at $7,481,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $208.94 on Wednesday. The company has a market capitalization of $84.01 billion, a price-to-earnings ratio of 61.09, a PEG ratio of 2.64 and a beta of 1.47. The business has a 50 day moving average of $193.15 and a 200 day moving average of $180.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business earned $0.81 earnings per share. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HWM. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday. Vertical Research reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their price objective on Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Truist Financial raised 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, October 15th. Finally, Morgan Stanley set a $225.00 target price on shares of Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $212.79.

Howmet Aerospace 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.