Howmet Aerospace Inc. $HWM Shares Sold by Strs Ohio

Strs Ohio trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 42.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,489 shares of the company’s stock after selling 90,185 shares during the period. Strs Ohio’s holdings in Howmet Aerospace were worth $24,232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Howmet Aerospace in the second quarter worth about $1,633,157,000. JPMorgan Chase & Co. lifted its position in 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 in the last quarter. American Century Companies Inc. boosted its holdings in Howmet Aerospace by 51.8% in the 2nd 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 during the period. Nordea Investment Management AB grew its position 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 in the last quarter. Finally, Westfield Capital Management Co. LP grew its position in Howmet Aerospace by 68.8% in 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 acquiring an additional 780,896 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HWM shares. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Thursday. Citigroup upped their price objective on shares of Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Bank of America raised their target price on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 14th. BTIG Research lifted their target price on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Truist Financial set a $258.00 price target on Howmet Aerospace in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $214.91 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. The company has a market capitalization of $86.41 billion, a price-to-earnings ratio of 60.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $226.87. The business has a 50 day simple moving average of $206.42 and a 200-day simple moving average of $194.40.

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 for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the business posted $0.81 earnings per share. The firm’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. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio 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.