Contravisory Investment Management Inc. Boosts Holdings in Howmet Aerospace Inc. $HWM

Contravisory Investment Management Inc. grew its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 386.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,361 shares of the company’s stock after acquiring an additional 38,414 shares during the period. Howmet Aerospace comprises approximately 1.8% of Contravisory Investment Management Inc.’s holdings, making the stock its 22nd largest position. Contravisory Investment Management Inc.’s holdings in Howmet Aerospace were worth $9,490,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sheets Smith Investment Management boosted its stake in shares of Howmet Aerospace by 5.0% in the third quarter. Sheets Smith Investment Management now owns 15,245 shares of the company’s stock worth $2,992,000 after acquiring an additional 731 shares during the period. Wedmont Private Capital grew its holdings in Howmet Aerospace by 3.9% during the 3rd quarter. Wedmont Private Capital now owns 9,050 shares of the company’s stock valued at $1,733,000 after buying an additional 340 shares in the last quarter. Czech National Bank raised its position in shares of Howmet Aerospace by 3.8% during the third quarter. Czech National Bank now owns 102,386 shares of the company’s stock valued at $20,091,000 after buying an additional 3,720 shares during the last quarter. Ignite Planners LLC purchased a new position in Howmet Aerospace during the third quarter valued at $219,000. Finally, Sendero Wealth Management LLC grew its stake in Howmet Aerospace by 19.7% during the third quarter. Sendero Wealth Management LLC now owns 22,329 shares of the company’s stock valued at $4,382,000 after acquiring an additional 3,676 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HWM. UBS Group increased their price target on Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Truist Financial upped their price target on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Bank of America lifted their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Citigroup started coverage on shares of Howmet Aerospace in a research report on Thursday, December 11th. They set a “buy” rating and a $246.00 target price on the stock. Finally, Susquehanna set a $235.00 price target on shares of Howmet Aerospace and gave the company a “positive” rating in a report on Friday, October 31st. 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $218.75.

Howmet Aerospace Trading Up 3.6%

HWM opened at $198.10 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average is $198.79 and its two-hundred day moving average is $187.20. The company has a market capitalization of $79.65 billion, a P/E ratio of 55.65, a PEG ratio of 2.19 and a beta of 1.32. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $211.95.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The business had revenue of $2.09 billion for 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 company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted $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. Analysts forecast 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 given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 7th. Howmet Aerospace’s dividend payout ratio is presently 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.