Corient Private Wealth LLC Sells 7,442 Shares of Howmet Aerospace Inc. $HWM

Corient Private Wealth LLC decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 16.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,270 shares of the company’s stock after selling 7,442 shares during the quarter. Corient Private Wealth LLC’s holdings in Howmet Aerospace were worth $6,937,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Howmet Aerospace by 4.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company’s stock valued at $278,000 after purchasing an additional 61 shares during the last quarter. Venturi Wealth Management LLC grew its position in Howmet Aerospace by 3.1% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock worth $390,000 after purchasing an additional 62 shares during the period. Rise Advisors LLC grew its position in Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after purchasing an additional 66 shares during the period. Hemington Wealth Management raised its stake in Howmet Aerospace by 25.9% during the 2nd quarter. Hemington Wealth Management now owns 321 shares of the company’s stock valued at $59,000 after buying an additional 66 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Howmet Aerospace by 10.5% during the 2nd quarter. Private Trust Co. NA now owns 744 shares of the company’s stock valued at $139,000 after buying an additional 71 shares during the period. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on HWM. BTIG Research lifted their price objective on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Cowen restated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Citigroup initiated coverage on shares of Howmet Aerospace in a research note on Thursday, December 11th. They issued a “buy” rating and a $246.00 price objective on the stock. BNP Paribas Exane initiated coverage on shares of Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Howmet Aerospace Stock Up 2.6%

HWM stock opened at $203.24 on Friday. The business’s 50-day moving average price is $199.18 and its 200-day moving average price is $187.41. The stock has a market cap of $81.71 billion, a P/E ratio of 57.09, a PEG ratio of 2.27 and a beta of 1.32. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $211.95.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business 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. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS 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 paid a dividend of $0.12 per share. The ex-dividend date was Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is 13.48%.

Howmet Aerospace Company Profile

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.