Howmet Aerospace (NYSE:HWM) Reaches New 12-Month High – What’s Next?

Shares of Howmet Aerospace Inc. (NYSE:HWM) hit a new 52-week high during trading on Thursday . The company traded as high as $227.94 and last traded at $220.3370, with a volume of 3286 shares traded. The stock had previously closed at $225.00.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HWM. Citigroup boosted their target price on shares of Howmet Aerospace from $246.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Bank of America upped their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, November 14th. TD Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. Finally, Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the stock an “overweight” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Howmet Aerospace has an average rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Price Performance

The stock has a market cap of $86.41 billion, a price-to-earnings ratio of 60.37, a price-to-earnings-growth 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 company’s 50-day moving average is $206.42 and its 200-day moving average is $194.30.

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 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 the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The company’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 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

Institutional Investors Weigh In On Howmet Aerospace

Several institutional investors and hedge funds have recently made changes to their positions in HWM. Traub Capital Management LLC bought a new position in Howmet Aerospace during the 2nd quarter valued at about $25,000. Winnow Wealth LLC acquired a new stake in shares of Howmet Aerospace during the second quarter worth approximately $25,000. Newbridge Financial Services Group Inc. raised its stake 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 acquiring an additional 73 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Howmet Aerospace by 66.7% in the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after acquiring an additional 50 shares in the last quarter. Finally, Tradewinds Capital Management LLC boosted its holdings in shares of Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after acquiring an additional 52 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.