Howmet Aerospace Inc. $HWM Shares Sold by L & S Advisors Inc

L & S Advisors Inc lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 22.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 20,364 shares of the company’s stock after selling 5,773 shares during the quarter. L & S Advisors Inc’s holdings in Howmet Aerospace were worth $3,790,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Howmet Aerospace by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company’s stock valued at $6,202,814,000 after buying an additional 695,953 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Howmet Aerospace by 21.1% in the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock valued at $3,171,970,000 after purchasing an additional 4,252,401 shares during the period. Geode Capital Management LLC raised its holdings in Howmet Aerospace by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock worth $2,032,221,000 after buying an additional 719,888 shares during the period. Invesco Ltd. lifted its stake in Howmet Aerospace by 8.3% during the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock valued at $949,006,000 after buying an additional 563,109 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Howmet Aerospace by 1.3% during the first quarter. Northern Trust Corp now owns 3,722,871 shares of the company’s stock valued at $482,968,000 after buying an additional 45,963 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on HWM. Truist Financial upped their price target on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Barclays reiterated an “overweight” rating and set a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. The Goldman Sachs Group increased their price objective on Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, BTIG Research raised their price objective on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.79.

Howmet Aerospace Price Performance

HWM opened at $201.34 on Friday. The stock has a fifty day moving average price of $194.21 and a 200 day moving average price of $180.34. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $211.95. The stock has a market cap of $80.95 billion, a price-to-earnings ratio of 58.87, a PEG ratio of 2.64 and a beta of 1.47.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.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 EPS. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

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.