Oregon Public Employees Retirement Fund Purchases 11,266 Shares of Howmet Aerospace Inc. $HWM

Oregon Public Employees Retirement Fund grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 32.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,104 shares of the company’s stock after buying an additional 11,266 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Howmet Aerospace were worth $9,047,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Voya Investment Management LLC boosted its holdings in shares of Howmet Aerospace by 9.1% during the 3rd quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock valued at $244,742,000 after acquiring an additional 104,207 shares during the last quarter. Shell Asset Management Co. raised its holdings in shares of Howmet Aerospace by 135.6% during the second quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock valued at $2,312,000 after purchasing an additional 7,148 shares during the last quarter. Greenup Street Wealth Management LLC lifted its position in Howmet Aerospace by 76.3% during the third quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock valued at $4,115,000 after purchasing an additional 9,078 shares during the period. Forsta AP Fonden boosted its holdings in Howmet Aerospace by 27.7% in the second quarter. Forsta AP Fonden now owns 174,900 shares of the company’s stock worth $32,554,000 after purchasing an additional 37,900 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in 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. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

NYSE HWM opened at $218.24 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $219.39. The stock has a market cap of $87.75 billion, a price-to-earnings ratio of 61.30, a PEG ratio of 2.00 and a beta of 1.29. The company’s 50 day moving average is $203.35 and its two-hundred day moving average is $191.40.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results 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. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. 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, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

HWM has been the topic of several research analyst reports. Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Wall Street Zen cut Howmet Aerospace from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research downgraded Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Bank of America increased their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $222.82.

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.