FORA Capital LLC Makes New Investment in Howmet Aerospace Inc. $HWM

FORA Capital LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 53,779 shares of the company’s stock, valued at approximately $10,010,000. Howmet Aerospace accounts for approximately 1.1% of FORA Capital LLC’s investment portfolio, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Howmet Aerospace by 4.3% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company’s stock valued at $278,000 after buying an additional 61 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Howmet Aerospace by 3.1% during the second quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock valued at $390,000 after acquiring an additional 62 shares during the period. Rise Advisors LLC lifted its position in shares of Howmet Aerospace by 32.4% in the first quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after acquiring an additional 66 shares in the last quarter. Hemington Wealth Management boosted its stake in shares of Howmet Aerospace by 25.9% in the second quarter. Hemington Wealth Management now owns 321 shares of the company’s stock worth $59,000 after acquiring an additional 66 shares during the period. Finally, Private Trust Co. NA grew its position in shares of Howmet Aerospace by 10.5% during the second quarter. Private Trust Co. NA now owns 744 shares of the company’s stock worth $139,000 after purchasing an additional 71 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 1.2%

Shares of HWM opened at $198.29 on Friday. The stock has a market capitalization of $79.72 billion, a PE ratio of 55.70, a P/E/G ratio of 2.27 and a beta of 1.32. The company’s fifty day moving average is $198.40 and its 200 day moving average is $186.61. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $211.95.

Howmet Aerospace (NYSE:HWM) last announced its earnings results 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. The firm had revenue of $2.09 billion for 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 business’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.81 EPS. 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. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on HWM. BNP Paribas raised Howmet Aerospace to a “strong-buy” rating in a report on Tuesday, November 18th. BNP Paribas Exane began coverage on shares of Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

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.