Parkside Financial Bank & Trust Boosts Holdings in Howmet Aerospace Inc. $HWM

Parkside Financial Bank & Trust lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 49.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,099 shares of the company’s stock after buying an additional 363 shares during the period. Parkside Financial Bank & Trust’s holdings in Howmet Aerospace were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HWM. Harbour Investments Inc. boosted its position in shares of Howmet Aerospace by 10.1% during the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock worth $145,000 after purchasing an additional 102 shares during the period. PFG Advisors lifted its stake in Howmet Aerospace by 37.9% during the first quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after purchasing an additional 2,635 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Howmet Aerospace during the second quarter worth $40,949,000. Assetmark Inc. grew its stake in shares of Howmet Aerospace by 1,288.0% in the second quarter. Assetmark Inc. now owns 8,883 shares of the company’s stock valued at $1,653,000 after buying an additional 8,243 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Howmet Aerospace in the second quarter valued at $491,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 0.5%

HWM stock opened at $206.66 on Monday. The company’s 50 day moving average price is $191.73 and its 200 day moving average price is $178.97. The firm has a market capitalization of $83.09 billion, a price-to-earnings ratio of 60.43, a PEG ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $211.95. 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 (NYSE:HWM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.95 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 company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the business posted $0.81 EPS. The firm’s revenue 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, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS 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. Investors of record on Friday, November 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is presently 13.48%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HWM. Royal Bank Of Canada increased their target price on Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Susquehanna set a $235.00 price target on shares of Howmet Aerospace and gave the stock a “positive” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. UBS Group lifted their price objective on shares of Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, The Goldman Sachs Group increased their target price on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.14.

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.