Chapin Davis Inc. Has $8.67 Million Holdings in Howmet Aerospace Inc. $HWM

Chapin Davis Inc. decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 15.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,180 shares of the company’s stock after selling 8,074 shares during the quarter. Howmet Aerospace accounts for about 2.1% of Chapin Davis Inc.’s portfolio, making the stock its 12th largest holding. Chapin Davis Inc.’s holdings in Howmet Aerospace were worth $8,670,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in shares of Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares during the period. HighTower Advisors LLC grew its position in Howmet Aerospace by 7.2% during the first quarter. HighTower Advisors LLC now owns 29,971 shares of the company’s stock worth $3,888,000 after buying an additional 2,008 shares in the last quarter. Cresset Asset Management LLC increased its stake in Howmet Aerospace by 7.5% during the 1st quarter. Cresset Asset Management LLC now owns 7,025 shares of the company’s stock worth $911,000 after acquiring an additional 489 shares during the period. Hsbc Holdings PLC increased its stake in Howmet Aerospace by 7.1% during the 1st quarter. Hsbc Holdings PLC now owns 857,554 shares of the company’s stock worth $110,985,000 after acquiring an additional 56,903 shares during the period. Finally, Candriam S.C.A. raised its holdings in Howmet Aerospace by 54.8% in the 1st quarter. Candriam S.C.A. now owns 51,319 shares of the company’s stock valued at $6,658,000 after acquiring an additional 18,176 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 3.6%

HWM opened at $198.10 on Friday. The company has a market cap of $79.65 billion, a P/E ratio of 55.65, a PEG ratio of 2.19 and a beta of 1.32. 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 company’s 50 day moving average is $198.79 and its 200-day moving average is $187.20. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS 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 the consensus estimate of $2.04 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. 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. Equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Friday, November 7th were issued 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 dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is 13.48%.

Wall Street Analyst Weigh In

HWM has been the topic of several analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a report on Monday, November 3rd. TD Cowen upped their price target on shares of Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, BTIG Research lifted their price objective on shares of Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average target price 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.