Arrowstreet Capital Limited Partnership Decreases Stake in Howmet Aerospace Inc. $HWM

Arrowstreet Capital Limited Partnership reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 41.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 360,033 shares of the company’s stock after selling 253,659 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Howmet Aerospace were worth $67,013,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Norges Bank purchased 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% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after acquiring an additional 7,356,077 shares during the last quarter. Nuveen LLC purchased a new position in Howmet Aerospace in the first quarter worth about $366,209,000. American Century Companies Inc. increased its stake in Howmet Aerospace by 51.8% during 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 during the last quarter. Finally, Nordea Investment Management AB increased its stake in Howmet Aerospace by 1,340.2% during the second quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock worth $163,137,000 after acquiring an additional 819,040 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 1.0%

HWM stock opened at $196.18 on Friday. The company has a market capitalization of $78.87 billion, a P/E ratio of 55.11, a price-to-earnings-growth ratio of 2.23 and a beta of 1.32. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $211.95. The firm’s fifty day simple moving average is $198.30 and its 200-day simple moving average is $185.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Friday, November 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Truist Financial increased their price target on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. BNP Paribas upgraded shares of Howmet Aerospace to a “strong-buy” rating in a report on Tuesday, November 18th. Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Finally, Susquehanna set a $235.00 price objective on shares of Howmet Aerospace and gave the stock a “positive” rating in a research note on Friday, October 31st. One investment 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $216.93.

Howmet Aerospace Company 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.