Telligent Fund LP Acquires New Stake in Howmet Aerospace Inc. $HWM

Telligent Fund LP bought a new stake in Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $2,234,000. Howmet Aerospace accounts for approximately 2.0% of Telligent Fund LP’s portfolio, making the stock its 24th biggest position.

A number of other large investors have also made changes to their positions in HWM. Vanguard Group Inc. lifted its stake in shares of Howmet Aerospace by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock worth $9,022,725,000 after purchasing an additional 662,132 shares during the period. JPMorgan Chase & Co. grew its position in Howmet Aerospace by 21.1% during the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock valued at $3,171,970,000 after buying an additional 4,252,401 shares during the period. Geode Capital Management LLC increased its holdings in Howmet Aerospace by 7.0% during the second quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock valued at $2,032,221,000 after buying an additional 719,888 shares during the last quarter. Invesco Ltd. raised its position in Howmet Aerospace by 8.3% in the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock worth $949,006,000 after acquiring an additional 563,109 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Howmet Aerospace by 1.3% during the 1st quarter. Northern Trust Corp now owns 3,722,871 shares of the company’s stock worth $482,968,000 after acquiring an additional 45,963 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HWM shares. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. BTIG Research boosted their price target on Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Bank of America upped their price target on Howmet Aerospace from $215.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, November 14th. Truist Financial raised their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Barclays reaffirmed an “overweight” rating and set a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. One equities research 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 company’s stock. According to data from MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.93.

Howmet Aerospace Trading Up 0.4%

Shares of HWM stock opened at $202.00 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The stock has a fifty day simple moving average of $195.93 and a two-hundred day simple moving average of $182.25. The firm has a market capitalization of $81.21 billion, a PE ratio of 59.06, 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.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data 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. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The business’s quarterly 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, analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

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.