Los Angeles Capital Management LLC Acquires 40,705 Shares of Howmet Aerospace Inc. $HWM

Los Angeles Capital Management LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,243,617 shares of the company’s stock after purchasing an additional 40,705 shares during the period. Howmet Aerospace makes up approximately 0.8% of Los Angeles Capital Management LLC’s portfolio, making the stock its 19th biggest holding. Los Angeles Capital Management LLC’s holdings in Howmet Aerospace were worth $244,035,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Howmet Aerospace in the 2nd quarter worth $1,633,157,000. JPMorgan Chase & Co. lifted its holdings in shares of Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after acquiring an additional 7,356,077 shares during the last quarter. American Century Companies Inc. grew its position in Howmet Aerospace by 51.8% in the second quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock worth $676,769,000 after acquiring an additional 1,240,071 shares in the last quarter. Nordea Investment Management AB increased its stake in Howmet Aerospace by 1,340.2% in the second 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 last quarter. Finally, Westfield Capital Management Co. LP raised its position in Howmet Aerospace by 68.8% during the second quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock valued at $356,617,000 after purchasing an additional 780,896 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $207.66 on Wednesday. The business has a fifty day moving average price of $201.67 and a 200-day moving average price of $189.48. 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 capitalization of $83.49 billion, a PE ratio of 58.33, a PEG ratio of 2.40 and a beta of 1.32. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $212.52.

Howmet Aerospace (NYSE:HWM) last released its earnings results 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 net margin of 18.18% and a return on equity of 29.21%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business earned $0.81 EPS. The firm’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 and its Q4 2025 guidance at 0.940-0.960 EPS. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. BNP Paribas Exane assumed coverage on shares of Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price objective for the company. Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Citigroup started coverage on Howmet Aerospace in a research note on Thursday, December 11th. They issued a “buy” rating and a $246.00 price target on the stock. Finally, BTIG Research upped their price objective on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and an average price target of $218.75.

Howmet Aerospace Company Profile

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.