Howmet Aerospace Inc. $HWM Shares Sold by Covea Finance

Covea Finance reduced its position in Howmet Aerospace Inc. (NYSE:HWM) by 16.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 219,809 shares of the company’s stock after selling 43,800 shares during the period. Howmet Aerospace comprises approximately 1.5% of Covea Finance’s holdings, making the stock its 17th biggest holding. Covea Finance owned 0.05% of Howmet Aerospace worth $43,133,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Traub Capital Management LLC purchased a new stake in shares of Howmet Aerospace in the second quarter valued at $25,000. Winnow Wealth LLC acquired a new stake in Howmet Aerospace in the 2nd quarter worth about $25,000. Newbridge Financial Services Group Inc. grew its holdings in Howmet Aerospace by 119.7% in the 2nd 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 period. Atlantic Union Bankshares Corp purchased a new stake in Howmet Aerospace in the 2nd quarter valued at about $32,000. Finally, Rise Advisors LLC increased its stake in shares of Howmet Aerospace by 32.4% during the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after acquiring an additional 66 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HWM. BNP Paribas Exane assumed coverage on shares of Howmet Aerospace in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 target price on the stock. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a report on Monday, November 3rd. Royal Bank Of Canada boosted their price objective on shares of Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. TD Cowen upped their price objective on Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, The Goldman Sachs Group lifted their target price on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $218.75.

Howmet Aerospace Stock Up 1.5%

Shares of NYSE HWM opened at $212.75 on Friday. The stock has a fifty day moving average price of $200.70 and a 200 day moving average price of $188.42. 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 $212.46. The company has a market cap of $85.54 billion, a P/E ratio of 59.76, a P/E/G ratio of 2.43 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 EPS for the quarter, topping analysts’ consensus estimates 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. During the same quarter in the previous year, the firm posted $0.81 earnings per share. 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. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Howmet Aerospace Company Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.