Moran Wealth Management LLC Sells 24,486 Shares of Howmet Aerospace Inc. $HWM

Moran Wealth Management LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 214,365 shares of the company’s stock after selling 24,486 shares during the period. Howmet Aerospace accounts for approximately 1.3% of Moran Wealth Management LLC’s portfolio, making the stock its 10th biggest position. Moran Wealth Management LLC’s holdings in Howmet Aerospace were worth $42,065,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HWM. Brighton Jones LLC raised its stake in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Howmet Aerospace by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company’s stock worth $271,781,000 after buying an additional 771,271 shares during the last quarter. MBB Public Markets I LLC bought a new position in Howmet Aerospace during the first quarter valued at approximately $310,000. Advisory Alpha LLC raised its position in Howmet Aerospace by 25.1% during the first quarter. Advisory Alpha LLC now owns 3,506 shares of the company’s stock valued at $455,000 after acquiring an additional 704 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its stake in Howmet Aerospace by 14.9% in the first quarter. SageView Advisory Group LLC now owns 7,362 shares of the company’s stock valued at $955,000 after acquiring an additional 957 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 1.8%

Howmet Aerospace stock opened at $210.89 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $216.38. The firm has a fifty day moving average price of $202.94 and a two-hundred day moving average price of $190.97. The firm has a market cap of $84.79 billion, a price-to-earnings ratio of 59.24, a P/E/G ratio of 2.05 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.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 posted $0.81 earnings per share. The firm’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 and its Q4 2025 guidance at 0.940-0.960 EPS. As a group, analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Wall Street Analyst Weigh In

HWM has been the topic of several analyst reports. Cowen restated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a research report on Monday, November 3rd. Citigroup assumed coverage on Howmet Aerospace in a report on Thursday, December 11th. They set a “buy” rating and a $246.00 target price on the stock. BNP Paribas upgraded Howmet Aerospace to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Truist Financial increased their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $220.41.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.