Wright Investors Service Inc. Lowers Stock Position in Howmet Aerospace Inc. $HWM

Wright Investors Service Inc. lessened its stake in Howmet Aerospace Inc. (NYSE:HWM) by 35.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,536 shares of the company’s stock after selling 6,273 shares during the period. Wright Investors Service Inc.’s holdings in Howmet Aerospace were worth $2,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Traub Capital Management LLC purchased a new position in Howmet Aerospace in the second quarter worth $25,000. Winnow Wealth LLC bought a new stake in Howmet Aerospace during the second quarter worth about $25,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares in the last quarter. Tradewinds Capital Management LLC increased its position in shares of Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $32,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on HWM shares. Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the stock an “overweight” rating in a research note on Friday, October 31st. Susquehanna reaffirmed a “positive” rating and issued a $255.00 price objective on shares of Howmet Aerospace in a research note on Thursday. BNP Paribas raised shares of Howmet Aerospace to a “strong-buy” rating in a report on Tuesday, November 18th. Sanford C. Bernstein reissued an “outperform” rating and issued a $247.00 price target on shares of Howmet Aerospace in a research note on Tuesday, January 6th. Finally, BNP Paribas Exane started coverage on shares of Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Trading Up 1.8%

NYSE:HWM opened at $224.29 on Friday. The firm has a market capitalization of $90.18 billion, a P/E ratio of 63.00, a P/E/G ratio of 2.09 and a beta of 1.29. 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 company has a fifty day moving average of $204.55 and a 200 day moving average of $192.58. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $226.87.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 net margin of 18.18% and a return on equity of 29.21%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. 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, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Company 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.