iA Global Asset Management Inc. Boosts Stake in Howmet Aerospace Inc. $HWM

iA Global Asset Management Inc. lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 32.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,919 shares of the company’s stock after acquiring an additional 6,911 shares during the quarter. iA Global Asset Management Inc.’s holdings in Howmet Aerospace were worth $5,479,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Traub Capital Management LLC purchased a new stake in Howmet Aerospace during the 2nd quarter worth approximately $25,000. Winnow Wealth LLC acquired a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $25,000. Newbridge Financial Services Group Inc. lifted its holdings in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares during the last quarter. Tradewinds Capital Management LLC lifted its stake in Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in shares of Howmet Aerospace in the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup raised their price target on shares of Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the stock an “overweight” rating in a research note on Friday, October 31st. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. TD Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $247.00 price target on shares of Howmet Aerospace in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $224.53.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $214.91 on Friday. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $226.87. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $86.41 billion, a price-to-earnings ratio of 60.37, a P/E/G ratio of 2.06 and a beta of 1.29. The stock’s fifty day simple moving average is $206.42 and its 200-day simple moving average is $194.30.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the business earned $0.81 EPS. 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. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.48%.

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.