UniSuper Management Pty Ltd Buys 4,662 Shares of Howmet Aerospace Inc. $HWM

UniSuper Management Pty Ltd grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 15.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,257 shares of the company’s stock after purchasing an additional 4,662 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Howmet Aerospace were worth $6,722,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Howmet Aerospace by 1.4% in the second quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock valued at $9,022,725,000 after buying an additional 662,132 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Howmet Aerospace by 30.1% in the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after acquiring an additional 7,356,077 shares during the last quarter. State Street Corp grew its position in shares of Howmet Aerospace by 1.2% in the 2nd quarter. State Street Corp now owns 17,686,075 shares of the company’s stock valued at $3,291,909,000 after acquiring an additional 205,424 shares during the period. Geode Capital Management LLC increased its stake in shares of Howmet Aerospace by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock worth $2,032,221,000 after purchasing an additional 719,888 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth about $1,633,157,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

HWM opened at $214.91 on Friday. 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 business has a fifty day simple moving average of $206.42 and a 200 day simple moving average of $194.40. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $226.87. The company has a market capitalization of $86.41 billion, a PE 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 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the business 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. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

HWM has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. BNP Paribas Exane assumed coverage on Howmet Aerospace in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price objective for the company. TD Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Truist Financial set a $258.00 price target on Howmet Aerospace in a research note on Friday, January 9th. Finally, Susquehanna reaffirmed a “positive” rating and set a $255.00 price objective on shares of Howmet Aerospace in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $224.53.

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.