Neville Rodie & Shaw Inc. Decreases Position in Howmet Aerospace Inc. $HWM

Neville Rodie & Shaw Inc. trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,794 shares of the company’s stock after selling 3,790 shares during the period. Howmet Aerospace comprises about 1.0% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 27th largest holding. Neville Rodie & Shaw Inc.’s holdings in Howmet Aerospace were worth $13,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in HWM. Shell Asset Management Co. grew its holdings in shares of Howmet Aerospace by 135.6% in the second quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock valued at $2,312,000 after purchasing an additional 7,148 shares during the period. Forsta AP Fonden raised its stake in Howmet Aerospace by 27.7% during the second quarter. Forsta AP Fonden now owns 174,900 shares of the company’s stock worth $32,554,000 after purchasing an additional 37,900 shares during the period. Vanguard Group Inc. boosted its holdings 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. Westfield Capital Management Co. LP grew its stake in shares of Howmet Aerospace by 68.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock valued at $356,617,000 after buying an additional 780,896 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Howmet Aerospace in the 2nd quarter valued at approximately $40,949,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Bank of America boosted their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 14th. Finally, Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $218.75.

Howmet Aerospace Trading Up 1.2%

HWM opened at $198.29 on Monday. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $211.95. 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 business has a fifty day simple moving average of $198.40 and a 200-day simple moving average of $186.72. The firm has a market cap of $79.72 billion, a P/E ratio of 55.70, a P/E/G ratio of 2.27 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the company earned $0.81 EPS. Howmet Aerospace’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 and its Q4 2025 guidance at 0.940-0.960 EPS. On average, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

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.