Generali Asset Management SPA SGR Acquires 3,554 Shares of Howmet Aerospace Inc. $HWM

Generali Asset Management SPA SGR lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 7.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 50,287 shares of the company’s stock after purchasing an additional 3,554 shares during the period. Generali Asset Management SPA SGR’s holdings in Howmet Aerospace were worth $9,868,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Howmet Aerospace during the second quarter valued at about $1,633,157,000. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after acquiring an additional 7,356,077 shares during the period. American Century Companies Inc. grew its position in Howmet Aerospace by 51.8% during the 2nd quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock worth $676,769,000 after acquiring an additional 1,240,071 shares during the last quarter. Nordea Investment Management AB grew its position in Howmet Aerospace by 1,340.2% during the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock worth $163,137,000 after acquiring an additional 819,040 shares during the last quarter. Finally, Westfield Capital Management Co. LP increased its stake in Howmet Aerospace by 68.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock worth $356,617,000 after purchasing an additional 780,896 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 1.4%

Shares of NYSE HWM opened at $204.89 on Friday. The firm has a fifty day simple moving average of $202.05 and a two-hundred day simple moving average of $189.70. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $212.52. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $82.38 billion, a PE ratio of 57.55, a price-to-earnings-growth ratio of 2.35 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating 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 firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on HWM. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on shares of Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price target for the company. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Industrial Alliance Securities set a $240.00 price objective on shares of Howmet Aerospace in a research note on Monday, November 3rd. Finally, Bank of America increased their target price on shares of Howmet Aerospace from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 14th. 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 MarketBeat, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $218.75.

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.