Howmet Aerospace Inc. $HWM Holdings Reduced by Newport Trust Company LLC

Newport Trust Company LLC lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 9.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 972,823 shares of the company’s stock after selling 98,974 shares during the quarter. Howmet Aerospace comprises approximately 0.4% of Newport Trust Company LLC’s investment portfolio, making the stock its 28th biggest holding. Newport Trust Company LLC’s holdings in Howmet Aerospace were worth $190,897,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Howmet Aerospace in the 2nd quarter valued at approximately $1,633,157,000. JPMorgan Chase & Co. grew its stake in shares of Howmet Aerospace by 30.1% in the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after purchasing an additional 7,356,077 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Howmet Aerospace by 51.8% during the second quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock valued at $676,769,000 after purchasing an additional 1,240,071 shares during the period. Nordea Investment Management AB raised its stake in shares of Howmet Aerospace by 1,340.2% during the second quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock valued at $163,137,000 after purchasing an additional 819,040 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in shares of Howmet Aerospace by 68.8% during the second quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock valued at $356,617,000 after purchasing an additional 780,896 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 1.3%

NYSE HWM opened at $214.91 on Friday. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $226.87. The company has a market capitalization of $86.41 billion, a P/E ratio of 60.37, a PEG ratio of 2.03 and a beta of 1.29. The company’s 50 day simple moving average is $206.42 and its 200 day simple moving average is $194.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14.

Howmet Aerospace (NYSE:HWM) last issued 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. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $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. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be issued 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 is Friday, February 6th. Howmet Aerospace’s payout ratio is presently 13.48%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HWM. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Citigroup increased their price objective on shares of Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Truist Financial set a $258.00 price objective on shares of Howmet Aerospace in a research note on Friday, January 9th. UBS Group upped their target price on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Susquehanna reaffirmed a “positive” rating and set a $255.00 price target on shares of Howmet Aerospace in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $224.53.

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.