Mitsubishi UFJ Trust & Banking Corp Boosts Stake in Howmet Aerospace Inc. $HWM

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 6.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 229,852 shares of the company’s stock after purchasing an additional 12,938 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Howmet Aerospace were worth $45,104,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HWM. Traub Capital Management LLC bought a new position in shares of Howmet Aerospace during the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC purchased a new stake in Howmet Aerospace during the second quarter valued at $25,000. Newbridge Financial Services Group Inc. lifted its position in Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in shares of Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after buying an additional 52 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Howmet Aerospace in the 3rd quarter worth about $32,000. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a report on Monday, November 10th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Royal Bank Of Canada boosted their target price on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. BNP Paribas Exane began coverage on Howmet Aerospace in a report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a research note on Thursday. 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 company. Based on data from MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Price Performance

Shares of HWM stock opened at $214.91 on Friday. The stock has a 50 day moving average price of $206.42 and a 200 day moving average price of $194.40. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $226.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The firm has a market capitalization of $86.41 billion, a P/E ratio of 60.37, a P/E/G ratio of 2.03 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm posted $0.81 earnings per share. The business’s revenue 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. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

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.