Howmet Aerospace Inc. $HWM Shares Bought by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 25.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,482 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in Howmet Aerospace were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

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

Howmet Aerospace Trading Down 0.0%

Shares of HWM stock opened at $204.55 on Friday. The business’s fifty day moving average price is $197.90 and its 200 day moving average price is $184.27. The firm has a market capitalization of $82.24 billion, a PE ratio of 59.81, a P/E/G ratio of 2.64 and a beta of 1.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the firm earned $0.81 EPS. The business’s 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. Q4 2025 guidance at 0.940-0.960 EPS. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, November 7th. Howmet Aerospace’s dividend payout ratio is presently 13.48%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on HWM shares. BNP Paribas raised Howmet Aerospace to a “strong-buy” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group increased their price target on Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. BTIG Research lifted their price objective on shares of Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Truist Financial upped their price objective on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, TD Cowen raised their target price on shares of Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $216.93.

Howmet Aerospace Company Profile

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.