Ascent Group LLC Grows Position in Howmet Aerospace Inc. $HWM

Ascent Group LLC grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 469.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,048 shares of the company’s stock after buying an additional 6,634 shares during the quarter. Ascent Group LLC’s holdings in Howmet Aerospace were worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Voya Investment Management LLC increased its stake in shares of 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. Shell Asset Management Co. increased its holdings in shares of Howmet Aerospace by 135.6% in the 2nd quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock worth $2,312,000 after buying an additional 7,148 shares during the last quarter. Greenup Street Wealth Management LLC boosted its holdings in shares of Howmet Aerospace by 76.3% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock worth $4,115,000 after purchasing an additional 9,078 shares during the period. Forsta AP Fonden raised its stake in shares of Howmet Aerospace by 27.7% in the second quarter. Forsta AP Fonden now owns 174,900 shares of the company’s stock valued at $32,554,000 after acquiring an additional 37,900 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Howmet Aerospace by 1.4% during the second quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock valued at $9,022,725,000 after buying an additional 662,132 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HWM. Truist Financial lifted 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. Royal Bank Of Canada upped their target price on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Finally, TD Cowen lifted their price objective on Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, October 31st. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $218.75.

Howmet Aerospace Price Performance

HWM opened at $204.89 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.14 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 market cap of $82.38 billion, a price-to-earnings ratio of 57.55, a PEG ratio of 2.35 and a beta of 1.29. The stock’s 50-day moving average price is $202.05 and its 200 day moving average price is $189.70.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. 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. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace 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.