CenterBook Partners LP Buys 20,087 Shares of Howmet Aerospace Inc. $HWM

CenterBook Partners LP boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 381.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,350 shares of the company’s stock after buying an additional 20,087 shares during the quarter. CenterBook Partners LP’s holdings in Howmet Aerospace were worth $4,718,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HWM. Vanguard Group Inc. lifted its stake in shares of Howmet Aerospace by 1.4% during the second quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock valued at $9,022,725,000 after acquiring an additional 662,132 shares during the period. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after purchasing an additional 7,356,077 shares during the last quarter. Geode Capital Management LLC lifted its position in Howmet Aerospace by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock valued at $2,032,221,000 after purchasing an additional 719,888 shares during the period. Invesco Ltd. grew its position in shares of Howmet Aerospace by 8.3% during the 1st quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock worth $949,006,000 after buying an additional 563,109 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Howmet Aerospace by 1.3% during the first quarter. Northern Trust Corp now owns 3,722,871 shares of the company’s stock worth $482,968,000 after buying an additional 45,963 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on HWM. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. BNP Paribas Exane began coverage on Howmet Aerospace in a research report on Tuesday. They issued an “outperform” rating and a $240.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. One equities 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.93.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $197.13 on Friday. The stock’s fifty day simple moving average is $196.44 and its 200 day simple moving average is $182.66. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $79.26 billion, a PE ratio of 57.64, a PEG ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $211.95.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company earned $0.81 earnings per share. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. On average, research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s payout ratio is presently 13.48%.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.