Howmet Aerospace Inc. $HWM Holdings Lowered by Farther Finance Advisors LLC

Farther Finance Advisors LLC reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 32.2% in the third quarter, HoldingsChannel reports. The fund owned 6,680 shares of the company’s stock after selling 3,169 shares during the quarter. Farther Finance Advisors LLC’s holdings in Howmet Aerospace were worth $1,311,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Traub Capital Management LLC acquired a new stake in Howmet Aerospace in the second quarter worth approximately $25,000. Winnow Wealth LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth $25,000. Newbridge Financial Services Group Inc. lifted its holdings 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 period. Atlantic Union Bankshares Corp acquired a new stake in shares of Howmet Aerospace in the second quarter valued at $32,000. Finally, Penserra Capital Management LLC boosted its stake in Howmet Aerospace by 450.0% during the second quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock valued at $36,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. 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 report on Monday, November 10th. 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 note on Wednesday, October 15th. Royal Bank Of Canada raised their target price on shares of Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, BTIG Research increased their price objective on Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $218.75.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $211.30 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $212.52. The firm’s 50 day simple moving average is $201.13 and its 200-day simple moving average is $188.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The company has a market cap of $84.95 billion, a P/E ratio of 59.35, a price-to-earnings-growth ratio of 2.42 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $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 predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th were given 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 dividend payout ratio (DPR) is 13.48%.

Howmet Aerospace 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.