Astoria Portfolio Advisors LLC. Acquires Shares of 2,703 Howmet Aerospace Inc. $HWM

Astoria Portfolio Advisors LLC. bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,703 shares of the company’s stock, valued at approximately $518,000.

A number of other hedge funds also recently modified their holdings of the stock. Redhawk Wealth Advisors Inc. bought a new position in Howmet Aerospace during the 3rd quarter worth $913,000. Voya Investment Management LLC increased its holdings in Howmet Aerospace by 9.1% in the third quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock worth $244,742,000 after purchasing an additional 104,207 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in shares of Howmet Aerospace by 386.2% during the 3rd quarter. Contravisory Investment Management Inc. now owns 48,361 shares of the company’s stock valued at $9,490,000 after acquiring an additional 38,414 shares during the period. Sheets Smith Investment Management boosted its position in shares of Howmet Aerospace by 5.0% during the 3rd quarter. Sheets Smith Investment Management now owns 15,245 shares of the company’s stock worth $2,992,000 after purchasing an additional 731 shares in the last quarter. Finally, Wedmont Private Capital boosted its holdings in Howmet Aerospace by 3.9% in the third quarter. Wedmont Private Capital now owns 9,050 shares of the company’s stock worth $1,733,000 after acquiring an additional 340 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $203.24 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The firm’s fifty day moving average price is $199.18 and its 200-day moving average price is $187.41. 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 market cap of $81.71 billion, a P/E ratio of 57.09, a price-to-earnings-growth ratio of 2.27 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last announced 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. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company 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. On average, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Friday, November 7th were paid 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 payout ratio is presently 13.48%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HWM. TD Cowen raised their price objective on shares of Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” 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. Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Morgan Stanley set a $225.00 price objective on shares of Howmet Aerospace and gave the stock an “overweight” rating in a research report on Friday, October 31st. Finally, Bank of America upped their price target on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $218.75.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.