Commonwealth Equity Services LLC Buys 13,601 Shares of Howmet Aerospace Inc. $HWM

Commonwealth Equity Services LLC grew its stake in Howmet Aerospace Inc. (NYSE:HWM) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,273 shares of the company’s stock after acquiring an additional 13,601 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Howmet Aerospace were worth $34,394,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Earned Wealth Advisors LLC raised its position in shares of Howmet Aerospace by 10.8% in the 3rd quarter. Earned Wealth Advisors LLC now owns 4,973 shares of the company’s stock worth $976,000 after purchasing an additional 486 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Howmet Aerospace by 6.9% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,761 shares of the company’s stock worth $934,000 after buying an additional 309 shares during the last quarter. Moss Adams Wealth Advisors LLC purchased a new position in Howmet Aerospace in the third quarter worth about $209,000. Global Retirement Partners LLC lifted its stake in shares of Howmet Aerospace by 74.9% in the third quarter. Global Retirement Partners LLC now owns 4,380 shares of the company’s stock worth $859,000 after buying an additional 1,876 shares in the last quarter. Finally, Tradewinds Capital Management LLC grew its holdings in shares of Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after buying an additional 52 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

HWM stock opened at $210.89 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $216.38. The company has a market cap of $84.79 billion, a P/E ratio of 59.24, a price-to-earnings-growth ratio of 2.05 and a beta of 1.29. The stock’s fifty day moving average price is $202.94 and its 200-day moving average price is $190.97.

Howmet Aerospace (NYSE:HWM) last posted 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. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.Howmet Aerospace’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. 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 analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on HWM shares. Cowen restated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. Zacks Research cut Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $247.00 price target on shares of Howmet Aerospace in a report on Tuesday. Finally, Truist Financial increased their price objective on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $220.41.

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.