Invesco Ltd. Decreases Stock Position in Howmet Aerospace Inc. $HWM

Invesco Ltd. cut its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,566,345 shares of the company’s stock after selling 748,893 shares during the quarter. Invesco Ltd. owned 1.63% of Howmet Aerospace worth $1,222,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Twin Peaks Wealth Advisors LLC bought a new position in shares of Howmet Aerospace during the second quarter valued at $56,000. Groupe la Francaise boosted its holdings in shares of Howmet Aerospace by 6.2% during the 2nd quarter. Groupe la Francaise now owns 86,643 shares of the company’s stock valued at $16,101,000 after acquiring an additional 5,073 shares during the last quarter. Pinkerton Wealth LLC bought a new stake in shares of Howmet Aerospace in the second quarter worth approximately $3,069,000. Beacon Pointe Advisors LLC purchased a new position in shares of Howmet Aerospace during the second quarter valued at approximately $241,000. Finally, Fisher Asset Management LLC raised its holdings in shares of Howmet Aerospace by 399.2% during the second quarter. Fisher Asset Management LLC now owns 7,817 shares of the company’s stock valued at $1,455,000 after purchasing an additional 6,251 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $196.16 on Wednesday. The stock has a market cap of $78.87 billion, a P/E ratio of 57.36, 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 quick ratio of 1.08 and a current ratio of 2.31. The stock’s fifty day moving average is $198.09 and its 200 day moving average is $185.13. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $211.95.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data 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 return on equity of 28.17% and a net margin of 18.09%.The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the company earned $0.81 earnings per share. The business’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 and its Q4 2025 guidance at 0.940-0.960 EPS. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Analyst Ratings Changes

HWM has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the stock an “overweight” rating in a research note on Friday, October 31st. Truist Financial upped their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. BNP Paribas Exane assumed coverage on Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 target price on the stock. Finally, Bank of America boosted their price target on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $216.93.

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.