Braun Stacey Associates Inc. Sells 28,992 Shares of Howmet Aerospace Inc. $HWM

Braun Stacey Associates Inc. decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 234,196 shares of the company’s stock after selling 28,992 shares during the period. Howmet Aerospace comprises approximately 1.5% of Braun Stacey Associates Inc.’s portfolio, making the stock its 10th biggest holding. Braun Stacey Associates Inc.’s holdings in Howmet Aerospace were worth $45,956,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in Howmet Aerospace by 1.4% in the second quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock worth $9,022,725,000 after buying an additional 662,132 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Howmet Aerospace by 30.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after acquiring an additional 7,356,077 shares during the last quarter. State Street Corp grew its holdings in shares of Howmet Aerospace by 1.2% in the 2nd quarter. State Street Corp now owns 17,686,075 shares of the company’s stock worth $3,291,909,000 after acquiring an additional 205,424 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Howmet Aerospace by 7.0% during the second quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock worth $2,032,221,000 after purchasing an additional 719,888 shares during the period. Finally, Norges Bank purchased a new stake in shares of Howmet Aerospace during the second quarter valued at $1,633,157,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Performance

HWM stock opened at $204.89 on Friday. The firm has a 50 day simple moving average of $202.05 and a 200 day simple moving average of $189.70. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $212.52. The stock has a market cap of $82.38 billion, a P/E ratio of 57.55, a P/E/G ratio of 2.35 and a beta of 1.29. 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 (NYSE:HWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share 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 analyst estimates of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter 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 anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on HWM shares. Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. UBS Group lifted their target price on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. BTIG Research boosted their price target on shares of Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a report on Monday, November 3rd. The Goldman Sachs Group raised their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Zacks Research cut shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.75.

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.