Allworth Financial LP Boosts Stock Position in Howmet Aerospace Inc. $HWM

Allworth Financial LP boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 149.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,318 shares of the company’s stock after purchasing an additional 4,384 shares during the quarter. Allworth Financial LP’s holdings in Howmet Aerospace were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Davis R M Inc. acquired a new position in shares of Howmet Aerospace in the second quarter valued at approximately $305,000. Fidelis Capital Partners LLC purchased a new stake in Howmet Aerospace in the 2nd quarter worth approximately $294,000. ProShare Advisors LLC grew its stake in Howmet Aerospace by 6.4% in the 2nd quarter. ProShare Advisors LLC now owns 79,300 shares of the company’s stock worth $14,760,000 after acquiring an additional 4,766 shares during the period. Profund Advisors LLC raised its holdings in Howmet Aerospace by 30.7% in the 2nd quarter. Profund Advisors LLC now owns 5,698 shares of the company’s stock valued at $1,061,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Summit X LLC lifted its stake in shares of Howmet Aerospace by 11.3% during the 2nd quarter. Summit X LLC now owns 1,808 shares of the company’s stock worth $337,000 after purchasing an additional 184 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of recent analyst reports. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Susquehanna set a $235.00 price target on Howmet Aerospace and gave the stock a “positive” rating in a research note on Friday, October 31st. Bank of America lifted their price target on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Vertical Research reiterated a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Finally, Cowen reissued a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.79.

Howmet Aerospace Price Performance

HWM opened at $201.34 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $211.95. The company has a 50 day moving average of $194.21 and a two-hundred day moving average of $180.34. The company has a market cap of $80.95 billion, a P/E ratio of 58.87, a P/E/G ratio of 2.64 and a beta of 1.47.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The business’s quarterly 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. Q4 2025 guidance at 0.940-0.960 EPS. On average, analysts expect 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 Tuesday, November 25th. Shareholders of record on Friday, November 7th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is 13.48%.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.