Integrated Quantitative Investments LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,819 shares of the company’s stock, valued at approximately $1,269,000.
A number of other institutional investors have also recently modified their holdings of the business. Pinpoint Asset Management Ltd raised its position in Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth $32,000. Hemington Wealth Management grew its stake in shares of Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company’s stock worth $33,000 after purchasing an additional 81 shares during the period. Rise Advisors LLC increased its holdings in shares of Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Howmet Aerospace by 100.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after purchasing an additional 140 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on HWM shares. Cowen restated a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. BTIG Research upped their price target on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Susquehanna set a $235.00 price objective on Howmet Aerospace and gave the company a “positive” rating in a research note on Friday, October 31st. Truist Financial boosted their target price on Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, The Goldman Sachs Group upped their target price on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $215.29.
Howmet Aerospace Price Performance
HWM stock opened at $203.00 on Friday. The stock’s 50 day moving average price is $194.70 and its 200 day moving average price is $181.11. The firm has a market cap of $81.62 billion, a P/E ratio of 59.36, a PEG ratio of 2.64 and a beta of 1.47. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $211.95.
Howmet Aerospace (NYSE:HWM – Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the business posted $0.81 earnings per share. Howmet Aerospace’s revenue was up 13.8% compared to the same quarter last year. 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 earnings per share for the current fiscal year.
Howmet Aerospace Announces Dividend
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. 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 is 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.
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