Burney Co. Sells 54,559 Shares of Howmet Aerospace Inc. $HWM

Burney Co. decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 46.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,219 shares of the company’s stock after selling 54,559 shares during the period. Burney Co.’s holdings in Howmet Aerospace were worth $12,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Traub Capital Management LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth about $25,000. Winnow Wealth LLC bought a new position in Howmet Aerospace in the 2nd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. lifted its holdings in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $32,000. Finally, Rise Advisors LLC grew its stake in shares of Howmet Aerospace by 32.4% in the first quarter. Rise Advisors LLC now owns 270 shares of the company’s stock worth $35,000 after acquiring an additional 66 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HWM. Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a research note on Monday, November 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Bank of America upped their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Citigroup initiated coverage on 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, Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace 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 given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.75.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $211.30 on Friday. The firm has a market capitalization of $84.95 billion, a PE ratio of 59.35, a price-to-earnings-growth ratio of 2.43 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 12-month low of $105.04 and a 12-month high of $212.52. The firm has a 50-day moving average price of $201.13 and a 200 day moving average price of $188.69.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. The company 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% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

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.