Laurel Wealth Advisors LLC Has $6.13 Million Stock Holdings in Howmet Aerospace Inc. $HWM

Laurel Wealth Advisors LLC increased its position in Howmet Aerospace Inc. (NYSE:HWM) by 18,513.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,946 shares of the company’s stock after purchasing an additional 32,769 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Howmet Aerospace were worth $6,132,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised 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 buying an additional 7,356,077 shares during the period. Nuveen LLC bought a new position in shares of Howmet Aerospace during the 1st quarter worth approximately $366,209,000. American Century Companies Inc. increased its holdings in shares of Howmet Aerospace by 51.8% during the 2nd quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock worth $676,769,000 after acquiring an additional 1,240,071 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Howmet Aerospace during the 1st quarter worth approximately $147,251,000. Finally, Nordea Investment Management AB raised its stake in Howmet Aerospace by 1,340.2% in the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock valued at $163,137,000 after acquiring an additional 819,040 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Up 0.5%

Shares of NYSE:HWM opened at $204.61 on Thursday. The business’s 50 day simple moving average is $197.37 and its 200 day simple moving average is $183.80. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $211.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. The company has a market capitalization of $82.26 billion, a P/E ratio of 59.83, a P/E/G ratio of 2.64 and a beta of 1.47.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.81 EPS. 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 anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Friday, November 7th were given 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 dividend payout ratio is currently 13.48%.

Analysts Set New Price Targets

Several equities analysts have commented on HWM shares. BNP Paribas upgraded shares of Howmet Aerospace to a “strong-buy” rating in a report on Tuesday, November 18th. Truist Financial upped their price target on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Finally, BTIG Research boosted their price objective on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. One 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.