Bank Julius Baer & Co. Ltd Zurich Cuts Stake in Howmet Aerospace Inc. $HWM

Bank Julius Baer & Co. Ltd Zurich lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 13.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,145 shares of the company’s stock after selling 11,083 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Howmet Aerospace were worth $13,840,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Harbour Investments Inc. boosted its stake in shares of Howmet Aerospace by 10.1% in the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock valued at $145,000 after purchasing an additional 102 shares during the period. PFG Advisors lifted its holdings in Howmet Aerospace by 37.9% in the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after buying an additional 2,635 shares in the last quarter. Shell Asset Management Co. boosted its position in Howmet Aerospace by 135.6% in the 2nd quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock valued at $2,312,000 after buying an additional 7,148 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Howmet Aerospace by 27.7% during the second quarter. Forsta AP Fonden now owns 174,900 shares of the company’s stock valued at $32,554,000 after acquiring an additional 37,900 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Howmet Aerospace during the second quarter valued at about $40,949,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $198.15 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $79.67 billion, a price-to-earnings ratio of 57.94, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $211.95. The business has a 50 day simple moving average of $196.21 and a 200-day simple moving average of $182.36.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS 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 the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.81 earnings per share. 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, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is 13.48%.

Analyst Ratings Changes

Several research analysts recently commented on HWM shares. UBS Group boosted their price target on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” 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 research report on Saturday, August 2nd. Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Susquehanna set a $235.00 price target on shares of Howmet Aerospace and gave the stock a “positive” rating in a research note on Friday, October 31st. Finally, Barclays reaffirmed an “overweight” rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.93.

About Howmet Aerospace

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.