Fisher Asset Management LLC Raises Stock Position in Howmet Aerospace Inc. $HWM

Fisher Asset Management LLC raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 399.2% during the second quarter, Holdings Channel.com reports. The fund owned 7,817 shares of the company’s stock after buying an additional 6,251 shares during the period. Fisher Asset Management LLC’s holdings in Howmet Aerospace were worth $1,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in HWM. Traub Capital Management LLC bought a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC bought a new position in Howmet Aerospace in the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp purchased a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $32,000. Rise Advisors LLC raised its position in shares of Howmet Aerospace by 32.4% during the first quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after buying an additional 66 shares during the last quarter. Finally, Penserra Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 450.0% in the second quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock worth $36,000 after buying an additional 162 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 2.7%

Shares of NYSE:HWM opened at $190.94 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 $211.95. The company has a 50-day moving average price of $198.24 and a 200 day moving average price of $185.44. The company has a market cap of $76.77 billion, a price-to-earnings ratio of 53.63, a PEG ratio of 2.25 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last issued 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 return on equity of 29.21% and a net margin of 18.18%.The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm 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, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Friday, November 7th were given a $0.12 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.48%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HWM. BNP Paribas Exane began coverage on shares of Howmet Aerospace in a research note on Tuesday, November 18th. They set an “outperform” rating and a $240.00 target price for the company. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. Susquehanna set a $235.00 target price on Howmet Aerospace and gave the stock a “positive” rating in a research report on Friday, October 31st. Finally, Industrial Alliance Securities set a $240.00 price target on Howmet Aerospace 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.