Chapin Davis Inc. Has $8.67 Million Position in Howmet Aerospace Inc. $HWM

Chapin Davis Inc. lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,180 shares of the company’s stock after selling 8,074 shares during the quarter. Howmet Aerospace makes up approximately 2.1% of Chapin Davis Inc.’s investment portfolio, making the stock its 12th largest position. Chapin Davis Inc.’s holdings in Howmet Aerospace were worth $8,670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Traub Capital Management LLC bought a new position in shares of Howmet Aerospace during the second quarter valued at $25,000. Winnow Wealth LLC bought a new stake in shares of Howmet Aerospace in the second quarter worth $25,000. Newbridge Financial Services Group Inc. increased its holdings in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the period. Atlantic Union Bankshares Corp bought a new position in Howmet Aerospace during the 2nd quarter worth $32,000. Finally, Rise Advisors LLC raised its position in 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. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HWM. Cowen reissued a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. TD Cowen upped their target price on Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a report on Friday, October 31st. Truist Financial increased their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Susquehanna set a $235.00 price target on shares of Howmet Aerospace and gave the stock a “positive” rating in a research report on Friday, October 31st. Finally, UBS Group upped their price objective on shares of Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $218.75.

Howmet Aerospace Trading Up 3.6%

Shares of HWM stock opened at $198.10 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $211.95. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The stock has a 50 day simple moving average of $198.79 and a two-hundred day simple moving average of $187.20. The company has a market cap of $79.65 billion, a P/E ratio of 55.65, a PEG ratio of 2.19 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 29.21% and a net margin of 18.18%.The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

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.