1,309 Shares in Howmet Aerospace Inc. $HWM Bought by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 1,309 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Harbour Investments Inc. raised its stake in Howmet Aerospace by 10.1% during the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock valued at $145,000 after buying an additional 102 shares during the last quarter. PFG Advisors boosted its stake in shares of Howmet Aerospace by 37.9% in the first quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after acquiring an additional 2,635 shares during the period. Shell Asset Management Co. lifted its stake in Howmet Aerospace by 135.6% in the 2nd quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock worth $2,312,000 after purchasing an additional 7,148 shares in the last quarter. Forsta AP Fonden increased its position in Howmet Aerospace by 27.7% in the second quarter. Forsta AP Fonden now owns 174,900 shares of the company’s stock worth $32,554,000 after purchasing an additional 37,900 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Howmet Aerospace during the 2nd quarter valued at about $40,949,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $202.00 on Thursday. The firm has a market cap of $81.21 billion, a price-to-earnings ratio of 59.06, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95. The firm’s fifty day moving average price is $195.93 and its 200 day moving average price is $182.25. 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 (NYSE:HWM) last issued its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the business posted $0.81 EPS. The company’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. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently weighed in on HWM. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a report on Monday, November 3rd. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the stock an “overweight” rating in a research note on Friday, October 31st. BTIG Research lifted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $216.93.

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.