California Public Employees Retirement System Boosts Stake in Howmet Aerospace Inc. $HWM

California Public Employees Retirement System lifted its position in Howmet Aerospace Inc. (NYSE:HWM) by 4.2% in the 2nd quarter, Holdings Channel reports. The fund owned 731,960 shares of the company’s stock after acquiring an additional 29,292 shares during the quarter. California Public Employees Retirement System’s holdings in Howmet Aerospace were worth $136,240,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in HWM. Traub Capital Management LLC bought a new position in Howmet Aerospace in the second quarter worth $25,000. Winnow Wealth LLC bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at $25,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Howmet Aerospace in the 2nd quarter worth about $32,000. Rise Advisors LLC increased its stake in shares of Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after acquiring an additional 66 shares in the last quarter. Finally, Penserra Capital Management LLC lifted its position in Howmet Aerospace by 450.0% during the 2nd quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock valued at $36,000 after acquiring an additional 162 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

Shares of HWM opened at $190.94 on Monday. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $211.95. The company has a market capitalization of $76.77 billion, a P/E ratio of 53.63, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. The firm has a 50 day moving average of $198.24 and a 200 day moving average of $185.75. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the firm posted $0.81 EPS. The firm’s quarterly 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. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm 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 of this dividend was Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is 13.48%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. BNP Paribas Exane began coverage on Howmet Aerospace in a research note on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price objective for the company. Finally, TD Cowen boosted their target price on Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, October 31st. One equities 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’s stock. According to MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $216.93.

About Howmet Aerospace

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.