Overbrook Management Corp Cuts Stock Position in Howmet Aerospace Inc. $HWM

Overbrook Management Corp decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 36.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,602 shares of the company’s stock after selling 19,297 shares during the period. Howmet Aerospace comprises approximately 1.2% of Overbrook Management Corp’s investment portfolio, making the stock its 23rd largest holding. Overbrook Management Corp’s holdings in Howmet Aerospace were worth $6,594,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jackson Wealth Management LLC acquired a new position in Howmet Aerospace during the third quarter worth $550,000. Aaron Wealth Advisors LLC increased its stake in shares of Howmet Aerospace by 57.9% during the third quarter. Aaron Wealth Advisors LLC now owns 8,089 shares of the company’s stock worth $1,587,000 after purchasing an additional 2,965 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Howmet Aerospace by 6.3% during the 3rd quarter. GAMMA Investing LLC now owns 11,550 shares of the company’s stock worth $2,266,000 after purchasing an additional 680 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Howmet Aerospace by 7.9% in the 2nd quarter. Osaic Holdings Inc. now owns 84,248 shares of the company’s stock valued at $15,537,000 after buying an additional 6,204 shares in the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in Howmet Aerospace in the 2nd quarter worth about $233,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of research analyst reports. BNP Paribas Exane began coverage on Howmet Aerospace in a report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 target price for the company. TD Cowen boosted their price target on Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. BNP Paribas upgraded Howmet Aerospace to a “strong-buy” rating in a report on Tuesday, November 18th. Zacks Research cut shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $218.75.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $197.28 on Tuesday. The company’s 50-day moving average is $198.54 and its two-hundred day moving average is $186.92. 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 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The firm has a market capitalization of $79.32 billion, a price-to-earnings ratio of 55.42, a PEG ratio of 2.27 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. 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 previous year, the company earned $0.81 EPS. 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. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

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