Howmet Aerospace Inc. $HWM Shares Purchased by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 76.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 20,972 shares of the company’s stock after acquiring an additional 9,078 shares during the period. Howmet Aerospace makes up about 0.6% of Greenup Street Wealth Management LLC’s holdings, making the stock its 28th largest holding. Greenup Street Wealth Management LLC’s holdings in Howmet Aerospace were worth $4,115,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth about $1,633,157,000. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 30.1% during the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after buying an additional 7,356,077 shares during the period. American Century Companies Inc. increased its position in shares of Howmet Aerospace by 51.8% during the second quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock valued at $676,769,000 after acquiring an additional 1,240,071 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Howmet Aerospace by 1,340.2% in the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock valued at $163,137,000 after acquiring an additional 819,040 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of Howmet Aerospace by 68.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock valued at $356,617,000 after acquiring an additional 780,896 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $211.30 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The company has a market cap of $84.95 billion, a price-to-earnings ratio of 59.35, a price-to-earnings-growth ratio of 2.43 and a beta of 1.32. The stock’s 50-day moving average is $201.13 and its two-hundred day moving average is $188.69. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $212.52.

Howmet Aerospace (NYSE:HWM) last announced 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 during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the company posted $0.81 earnings per share. The business’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. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, November 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

Analysts Set New Price Targets

Several research firms recently weighed in on HWM. Bank of America lifted their target price on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 14th. Truist Financial lifted their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a report on Monday, November 3rd. TD Cowen raised their target price on Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Zacks Research downgraded Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus target price of $218.75.

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.