Howmet Aerospace Inc. $HWM Shares Purchased by New York State Teachers Retirement System

New York State Teachers Retirement System raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 332,924 shares of the company’s stock after buying an additional 3,222 shares during the period. New York State Teachers Retirement System owned about 0.08% of Howmet Aerospace worth $65,330,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HWM. Traub Capital Management LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at $25,000. Winnow Wealth LLC purchased a new stake in Howmet Aerospace during the 2nd quarter worth $25,000. Newbridge Financial Services Group Inc. increased its holdings in Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares in the last quarter. Tradewinds Capital Management LLC raised its position in Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in Howmet Aerospace in the second quarter valued at about $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of HWM opened at $218.24 on Monday. The business’s 50 day moving average is $203.35 and its two-hundred day moving average is $191.62. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $219.39. The firm has a market cap of $87.75 billion, a price-to-earnings ratio of 61.30, a PEG ratio of 2.08 and a beta of 1.29. 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 (NYSE:HWM) last released its quarterly earnings results 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. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last 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. Analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada upped their target price on Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Bank of America upped their price target on Howmet Aerospace from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Industrial Alliance Securities set a $240.00 price objective on shares of Howmet Aerospace in a research report on Monday, November 3rd. Wall Street Zen lowered shares of Howmet Aerospace from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group upped their target price on shares of Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $222.82.

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.