California Public Employees Retirement System Purchases 29,292 Shares of Howmet Aerospace Inc. $HWM

California Public Employees Retirement System boosted its position in Howmet Aerospace Inc. (NYSE:HWM) by 4.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 731,960 shares of the company’s stock after buying an additional 29,292 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Howmet Aerospace worth $136,240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Traub Capital Management LLC purchased a new stake in shares of Howmet Aerospace in the 2nd quarter valued at $25,000. Winnow Wealth LLC bought a new stake in Howmet Aerospace in the second quarter worth $25,000. Atlantic Union Bankshares Corp bought a new stake in Howmet Aerospace in the second quarter worth $32,000. Rise Advisors LLC boosted its position in 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 buying an additional 66 shares during the period. Finally, Penserra Capital Management LLC grew its stake in shares of Howmet Aerospace by 450.0% during the second quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock valued at $36,000 after buying an additional 162 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BTIG Research boosted their target price on Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. JPMorgan Chase & Co. raised 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. Finally, Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $216.93.

Howmet Aerospace Trading Down 2.7%

NYSE HWM opened at $190.94 on Monday. The stock has a market cap of $76.77 billion, a P/E ratio of 53.63, a price-to-earnings-growth ratio of 2.19 and a beta of 1.32. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $211.95. The stock has a 50 day simple moving average of $198.24 and a two-hundred day simple moving average of $185.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.04. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The business’s revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm 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. On average, analysts forecast 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 was paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th were issued a $0.12 dividend. The ex-dividend date was Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio 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.