Resona Asset Management Co. Ltd. Cuts Stock Position in Howmet Aerospace Inc. $HWM

Resona Asset Management Co. Ltd. trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,517 shares of the company’s stock after selling 5,717 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Howmet Aerospace were worth $23,761,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Voya Investment Management LLC grew its stake in shares of Howmet Aerospace by 9.1% during the 3rd quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock worth $244,742,000 after purchasing an additional 104,207 shares during the period. Nordea Investment Management AB grew its position in Howmet Aerospace by 59.2% during the third quarter. Nordea Investment Management AB now owns 1,401,335 shares of the company’s stock worth $273,288,000 after buying an additional 521,180 shares during the period. Shell Asset Management Co. increased its holdings in 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 buying an additional 7,148 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in Howmet Aerospace in the third quarter valued at about $1,581,000. Finally, Greenup Street Wealth Management LLC lifted its position in shares of Howmet Aerospace by 76.3% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock valued at $4,115,000 after acquiring an additional 9,078 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

NYSE HWM opened at $214.91 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $226.87. The business has a fifty day moving average of $206.42 and a 200-day moving average of $194.40. The stock has a market cap of $86.41 billion, a price-to-earnings ratio of 60.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last 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. As a group, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s payout ratio is currently 13.48%.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research reports. Bank of America upped their price target on Howmet Aerospace from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Sunday, January 18th. TD Cowen restated a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. 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. Finally, Industrial Alliance Securities set a $240.00 price objective on shares of Howmet Aerospace in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Profile

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.