Howmet Aerospace Inc. $HWM Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 2.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 141,296 shares of the company’s stock after selling 3,151 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Howmet Aerospace were worth $27,726,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its position in shares of Howmet Aerospace by 9.1% during the 3rd quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock valued at $244,742,000 after buying an additional 104,207 shares in the last quarter. Shell Asset Management Co. raised its position in Howmet Aerospace by 135.6% during the second quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock worth $2,312,000 after acquiring an additional 7,148 shares during the period. Nordea Investment Management AB lifted its holdings in Howmet Aerospace by 59.2% during the third quarter. Nordea Investment Management AB now owns 1,401,335 shares of the company’s stock valued at $273,288,000 after purchasing an additional 521,180 shares in the last quarter. Greenup Street Wealth Management LLC grew its position in shares of Howmet Aerospace by 76.3% in the third quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock valued at $4,115,000 after purchasing an additional 9,078 shares during the period. Finally, Forsta AP Fonden increased its stake in shares of Howmet Aerospace by 27.7% during the second quarter. Forsta AP Fonden now owns 174,900 shares of the company’s stock worth $32,554,000 after purchasing an additional 37,900 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

NYSE:HWM opened at $224.29 on Friday. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $226.87. 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 market cap of $90.18 billion, a PE ratio of 63.00, a P/E/G ratio of 2.09 and a beta of 1.29. The stock has a 50 day moving average price of $204.55 and a 200 day moving average price of $192.58.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the business 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. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BTIG Research raised their price target on shares of Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Truist Financial set a $258.00 price target on Howmet Aerospace in a research report on Friday, January 9th. Finally, Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the company an “overweight” rating in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price of $224.53.

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.