Alteri Wealth LLC Has $580,000 Stock Holdings in Howmet Aerospace Inc. $HWM

Alteri Wealth LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 24.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,118 shares of the company’s stock after selling 984 shares during the period. Alteri Wealth LLC’s holdings in Howmet Aerospace were worth $580,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HWM. Traub Capital Management LLC bought a new stake in Howmet Aerospace during the second quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new position in Howmet Aerospace in the 2nd quarter valued at about $32,000. Penserra Capital Management LLC raised its position in shares of Howmet Aerospace by 450.0% in the 2nd quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock valued at $36,000 after buying an additional 162 shares in the last quarter. Interchange Capital Partners LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at approximately $39,000. Finally, REAP Financial Group LLC lifted its holdings in shares of Howmet Aerospace by 101.9% during the 2nd quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock worth $39,000 after acquiring an additional 107 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Susquehanna set a $235.00 target price on Howmet Aerospace and gave the company a “positive” rating in a report on Friday, October 31st. Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the company an “overweight” rating in a research note on Friday, October 31st. Wall Street Zen raised Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Truist Financial upped their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Fifteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $216.93.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $201.23 on Wednesday. The stock has a market capitalization of $80.91 billion, a PE ratio of 58.84, a PEG ratio of 2.64 and a beta of 1.47. The business’s 50 day simple moving average is $195.57 and its 200 day simple moving average is $182.11. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $211.95.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.81 EPS. The firm’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. Q4 2025 guidance at 0.940-0.960 EPS. As a group, research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th 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, November 7th. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

Howmet Aerospace Company 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.