Candriam S.C.A. Sells 2,892 Shares of Howmet Aerospace Inc. $HWM

Candriam S.C.A. cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,427 shares of the company’s stock after selling 2,892 shares during the quarter. Candriam S.C.A.’s holdings in Howmet Aerospace were worth $9,014,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HWM. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Howmet Aerospace by 4.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company’s stock worth $278,000 after purchasing an additional 61 shares during the period. Venturi Wealth Management LLC grew its position in shares of Howmet Aerospace by 3.1% during the 2nd quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock worth $390,000 after buying an additional 62 shares in the last quarter. Rise Advisors LLC grew its position in shares of Howmet Aerospace by 32.4% during the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after buying an additional 66 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Howmet Aerospace by 25.9% during the second quarter. Hemington Wealth Management now owns 321 shares of the company’s stock valued at $59,000 after buying an additional 66 shares during the period. Finally, Pinpoint Asset Management Ltd raised its holdings in shares of Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.8%

NYSE:HWM opened at $203.00 on Friday. The stock has a market capitalization of $81.62 billion, a price-to-earnings ratio of 59.36, a PEG ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $211.95. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $194.70 and a 200 day moving average of $180.81.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company earned $0.81 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. As a group, sell-side analysts anticipate 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 dividend of $0.12 per share. 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 dividend payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of research reports. Industrial Alliance Securities set a $240.00 price objective on shares of Howmet Aerospace in a research note on Monday, November 3rd. BTIG Research boosted their price target on shares of Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. Morgan Stanley set a $225.00 price objective on shares of Howmet Aerospace and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $215.29.

About Howmet Aerospace

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.