Howmet Aerospace Target of Unusually High Options Trading (NYSE:HWM)

Howmet Aerospace Inc. (NYSE:HWM) was the recipient of some unusual options trading on Thursday. Investors purchased 3,553 put options on the stock. This is an increase of 47% compared to the average daily volume of 2,416 put options.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $214.91 on Friday. The stock has a market cap of $86.41 billion, a P/E ratio of 60.37, a PEG ratio of 2.06 and a beta of 1.29. 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 business’s 50-day moving average price is $206.42 and its two-hundred day moving average price is $194.30. Howmet Aerospace has a twelve month low of $105.04 and a twelve month high of $226.87.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the firm posted $0.81 earnings per share. Howmet Aerospace’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 analysts predict that Howmet Aerospace will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

Analyst Ratings Changes

HWM has been the subject of several research reports. Truist Financial set a $258.00 price target on shares of Howmet Aerospace in a research report on Friday, January 9th. Susquehanna reiterated a “positive” rating and issued a $255.00 target price on shares of Howmet Aerospace in a research note on Thursday, January 15th. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Sunday, January 18th. Zacks Research cut shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $247.00 price objective on shares of Howmet Aerospace in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $224.53.

Hedge Funds Weigh In On Howmet Aerospace

A number of large investors have recently modified their holdings of HWM. Brighton Jones LLC raised its stake in shares of Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after acquiring an additional 130 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Howmet Aerospace during the 1st quarter valued at $399,000. Sivia Capital Partners LLC purchased a new position in Howmet Aerospace in the 2nd quarter worth $216,000. Armstrong Advisory Group Inc. bought a new stake in Howmet Aerospace in the second quarter worth $64,000. Finally, AdvisorNet Financial Inc lifted its stake in Howmet Aerospace by 2,433.3% in the second quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock worth $42,000 after purchasing an additional 219 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

About Howmet Aerospace

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.