Assenagon Asset Management S.A. Raises Stake in Howmet Aerospace Inc. $HWM

Assenagon Asset Management S.A. boosted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 48.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 689,389 shares of the company’s stock after buying an additional 223,796 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.17% of Howmet Aerospace worth $135,279,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HWM. Brighton Jones LLC grew its position in shares of Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after acquiring an additional 130 shares during the period. HighTower Advisors LLC lifted its stake in Howmet Aerospace by 7.2% in the first quarter. HighTower Advisors LLC now owns 29,971 shares of the company’s stock valued at $3,888,000 after purchasing an additional 2,008 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in Howmet Aerospace by 12.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 2,547 shares of the company’s stock valued at $330,000 after purchasing an additional 278 shares during the period. Cresset Asset Management LLC increased its position in Howmet Aerospace by 7.5% in the first quarter. Cresset Asset Management LLC now owns 7,025 shares of the company’s stock worth $911,000 after buying an additional 489 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in shares of Howmet Aerospace by 36.1% in the first quarter. Raymond James Financial Inc. now owns 768,502 shares of the company’s stock valued at $99,698,000 after buying an additional 203,992 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the stock an “overweight” rating in a research note on Friday, October 31st. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a report on Friday, September 26th. UBS Group increased their target price on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research report on Monday, November 3rd. Finally, Susquehanna set a $235.00 price target on shares of Howmet Aerospace and gave the company a “positive” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $195.10 on Wednesday. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $78.44 billion, a PE ratio of 54.80, a price-to-earnings-growth ratio of 2.26 and a beta of 1.32. The firm’s 50 day simple moving average is $198.61 and its 200 day simple moving average is $187.09.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate 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 18.18% and a return on equity of 29.21%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned $0.81 EPS. 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, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently disclosed 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 of this dividend was Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 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.