1832 Asset Management L.P. Has $138.93 Million Stock Holdings in Howmet Aerospace Inc. $HWM

1832 Asset Management L.P. decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 746,391 shares of the company’s stock after selling 22,773 shares during the quarter. 1832 Asset Management L.P.’s holdings in Howmet Aerospace were worth $138,926,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HWM. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Howmet Aerospace by 4.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company’s stock valued at $278,000 after acquiring an additional 61 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Howmet Aerospace by 3.1% in the second quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock worth $390,000 after purchasing an additional 62 shares during the period. Rise Advisors LLC lifted its position in shares of Howmet Aerospace by 32.4% during the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after purchasing an additional 66 shares during the last quarter. Hemington Wealth Management boosted its stake in Howmet Aerospace by 25.9% during the 2nd quarter. Hemington Wealth Management now owns 321 shares of the company’s stock valued at $59,000 after purchasing an additional 66 shares during the period. Finally, Pinpoint Asset Management Ltd boosted its stake in Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

HWM has been the topic of several recent analyst reports. Industrial Alliance Securities set a $240.00 price target on Howmet Aerospace in a research report on Monday, November 3rd. Truist Financial raised their price objective on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. BNP Paribas Exane initiated coverage on shares of Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 target price on the stock. Zacks Research cut shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $216.93.

Howmet Aerospace Trading Down 1.3%

Shares of HWM stock opened at $196.16 on Wednesday. The company has a market capitalization of $78.87 billion, a P/E ratio of 57.36, a P/E/G ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $211.95. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $198.09 and a 200 day moving average price of $185.13.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the business posted $0.81 earnings per share. The company’s revenue 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. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.