Howmet Aerospace Inc. $HWM Shares Sold by Pinnbrook Capital Management LP

Pinnbrook Capital Management LP decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 25.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,112 shares of the company’s stock after selling 9,465 shares during the quarter. Pinnbrook Capital Management LP’s holdings in Howmet Aerospace were worth $5,232,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Howmet Aerospace by 1.5% in the first quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company’s stock valued at $6,202,814,000 after buying an additional 695,953 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Howmet Aerospace by 21.1% during the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock worth $3,171,970,000 after purchasing an additional 4,252,401 shares during the period. Geode Capital Management LLC lifted its position in shares of Howmet Aerospace by 7.0% during the second quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock worth $2,032,221,000 after purchasing an additional 719,888 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Howmet Aerospace by 8.3% in the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock valued at $949,006,000 after purchasing an additional 563,109 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Howmet Aerospace by 1.3% in the first quarter. Northern Trust Corp now owns 3,722,871 shares of the company’s stock valued at $482,968,000 after purchasing an additional 45,963 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of HWM opened at $203.00 on Friday. The stock has a 50 day moving average price of $194.70 and a 200 day moving average price of $180.81. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $81.62 billion, a price-to-earnings ratio of 59.36, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $211.95.

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, topping analysts’ consensus estimates 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 analysts’ expectations of $2.04 billion. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed 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. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, November 7th. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research cut shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. TD Cowen lifted their target price on Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group boosted their target price on Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. Finally, Cowen restated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and an average price target of $215.29.

Howmet Aerospace 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.