Redhawk Wealth Advisors Inc. Acquires New Position in Howmet Aerospace Inc. $HWM

Redhawk Wealth Advisors Inc. bought a new position in Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,655 shares of the company’s stock, valued at approximately $913,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Voya Investment Management LLC lifted its holdings in shares of Howmet Aerospace by 9.1% in the 3rd quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock worth $244,742,000 after acquiring an additional 104,207 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in shares of Howmet Aerospace by 386.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 48,361 shares of the company’s stock valued at $9,490,000 after purchasing an additional 38,414 shares during the last quarter. Sheets Smith Investment Management raised its position in Howmet Aerospace by 5.0% in the 3rd quarter. Sheets Smith Investment Management now owns 15,245 shares of the company’s stock worth $2,992,000 after purchasing an additional 731 shares during the period. Wedmont Private Capital lifted its stake in Howmet Aerospace by 3.9% in the third quarter. Wedmont Private Capital now owns 9,050 shares of the company’s stock worth $1,733,000 after purchasing an additional 340 shares during the last quarter. Finally, Czech National Bank boosted its position in Howmet Aerospace by 3.8% during the third quarter. Czech National Bank now owns 102,386 shares of the company’s stock valued at $20,091,000 after buying an additional 3,720 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $203.24 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $211.95. The firm has a market cap of $81.71 billion, a P/E ratio of 57.09, a P/E/G ratio of 2.27 and a beta of 1.32. The business’s 50 day moving average price is $199.18 and its 200-day moving average price is $187.41.

Howmet Aerospace (NYSE:HWM) last announced its earnings results 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 during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. 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 research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. UBS Group lifted their price objective on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Zacks Research cut Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. BNP Paribas upgraded Howmet Aerospace to a “strong-buy” rating in a research report on Tuesday, November 18th. Truist Financial raised their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Morgan Stanley set a $225.00 target price on shares of Howmet Aerospace and gave the stock an “overweight” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.75.

About Howmet Aerospace

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.