Arrowstreet Capital Limited Partnership Sells 253,659 Shares of Howmet Aerospace Inc. $HWM

Arrowstreet Capital Limited Partnership lessened its position in Howmet Aerospace Inc. (NYSE:HWM) by 41.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 360,033 shares of the company’s stock after selling 253,659 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.09% of Howmet Aerospace worth $67,013,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Howmet Aerospace by 4.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company’s stock worth $278,000 after acquiring an additional 61 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Howmet Aerospace by 3.1% during the second quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock valued at $390,000 after purchasing an additional 62 shares in the last quarter. Rise Advisors LLC lifted its holdings in shares of Howmet Aerospace by 32.4% during the first quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares during the last quarter. Hemington Wealth Management boosted its position in shares of Howmet Aerospace by 25.9% in the 2nd quarter. Hemington Wealth Management now owns 321 shares of the company’s stock worth $59,000 after purchasing an additional 66 shares in the last quarter. Finally, Pinpoint Asset Management Ltd boosted its position in shares of Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock worth $31,000 after purchasing an additional 71 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 1.0%

Shares of Howmet Aerospace stock opened at $196.18 on Friday. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95. The company’s fifty day simple moving average is $198.30 and its 200-day simple moving average is $185.27. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The stock has a market capitalization of $78.87 billion, a PE ratio of 55.11, a P/E/G ratio of 2.23 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.Howmet Aerospace’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business earned $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. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HWM. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Morgan Stanley set a $225.00 price objective on shares of Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. Truist Financial upped their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Bank of America increased their target price on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, BTIG Research boosted their price target on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $216.93.

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.