Howmet Aerospace Inc. $HWM Stock Position Cut by Castleark Management LLC

Castleark Management LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 76.8% during 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 14,610 shares of the company’s stock after selling 48,260 shares during the period. Castleark Management LLC’s holdings in Howmet Aerospace were worth $2,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of HWM. Norges Bank bought a new stake in Howmet Aerospace during the second quarter worth approximately $1,633,157,000. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after purchasing an additional 7,356,077 shares during the period. American Century Companies Inc. lifted its holdings in shares of Howmet Aerospace by 51.8% in the second quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock valued at $676,769,000 after purchasing an additional 1,240,071 shares in the last quarter. Nordea Investment Management AB boosted its position in Howmet Aerospace by 1,340.2% during the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock worth $163,137,000 after acquiring an additional 819,040 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in Howmet Aerospace by 68.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock worth $356,617,000 after acquiring an additional 780,896 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $198.29 on Monday. The firm has a fifty day moving average price of $198.40 and a two-hundred day moving average price of $186.72. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $211.95. 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 company has a market cap of $79.72 billion, a PE ratio of 55.70, a price-to-earnings-growth ratio of 2.27 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. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. 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. Analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Cowen reissued a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. The Goldman Sachs Group lifted their price target on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research note on Monday, November 3rd. Morgan Stanley set a $225.00 target price on shares of Howmet Aerospace and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus price target of $218.75.

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.