Howmet Aerospace Inc. $HWM Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 14.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 189,200 shares of the company’s stock after selling 30,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Howmet Aerospace were worth $37,127,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in HWM. Traub Capital Management LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $25,000. Winnow Wealth LLC purchased a new stake in Howmet Aerospace in the second quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. lifted its stake in Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in Howmet Aerospace during the second quarter worth $32,000. Finally, Rise Advisors LLC boosted its position in shares of Howmet Aerospace by 32.4% during the first quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after buying an additional 66 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HWM. BTIG Research boosted their price objective on Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Susquehanna set a $235.00 target price on Howmet Aerospace and gave the company a “positive” rating in a research report on Friday, October 31st. Citigroup began coverage on shares of Howmet Aerospace in a research report on Thursday, December 11th. They set a “buy” rating and a $246.00 price target on the stock. Bank of America raised their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Howmet Aerospace Stock Down 0.9%

Shares of NYSE:HWM opened at $207.66 on Wednesday. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $212.52. The firm’s 50 day moving average price is $201.67 and its 200 day moving average price is $189.48. 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 stock has a market cap of $83.49 billion, a price-to-earnings ratio of 58.33, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. 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 research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace 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.