Contravisory Investment Management Inc. Boosts Stake in Howmet Aerospace Inc. $HWM

Contravisory Investment Management Inc. boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 386.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,361 shares of the company’s stock after purchasing an additional 38,414 shares during the quarter. Howmet Aerospace makes up 1.8% of Contravisory Investment Management Inc.’s holdings, making the stock its 22nd largest position. Contravisory Investment Management Inc.’s holdings in Howmet Aerospace were worth $9,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Traub Capital Management LLC purchased a new stake in shares of Howmet Aerospace during the second quarter worth approximately $25,000. Winnow Wealth LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth $25,000. Newbridge Financial Services Group Inc. raised its position in shares of 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 buying an additional 73 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Howmet Aerospace in the second quarter worth about $32,000. Finally, Penserra Capital Management LLC boosted its position in Howmet Aerospace by 450.0% during the second quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock worth $36,000 after acquiring an additional 162 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $198.10 on Friday. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $211.95. The company has a market cap of $79.65 billion, a price-to-earnings ratio of 55.65, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The company has a fifty day simple moving average of $198.79 and a two-hundred day simple moving average of $187.20.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Industrial Alliance Securities set a $240.00 price target on Howmet Aerospace in a research report on Monday, November 3rd. Truist Financial lifted their price target on Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Citigroup began coverage on shares of Howmet Aerospace in a research report on Thursday, December 11th. They set a “buy” rating and a $246.00 price target on the stock. Finally, TD Cowen raised their target price on Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

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.