Citizens Financial Group Inc. RI Buys 9,200 Shares of Howmet Aerospace Inc. $HWM

Citizens Financial Group Inc. RI lifted its stake in Howmet Aerospace Inc. (NYSE:HWM) by 377.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,637 shares of the company’s stock after buying an additional 9,200 shares during the period. Citizens Financial Group Inc. RI’s holdings in Howmet Aerospace were worth $2,284,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

HWM has been the subject of several recent analyst reports. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a research note on Monday, November 3rd. Citigroup lifted their price target on shares of Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley set a $225.00 target price on shares of Howmet Aerospace and gave the company an “overweight” rating in a research note on Friday, October 31st. Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $247.00 price objective on shares of Howmet Aerospace in a research report on Tuesday, January 6th. One investment 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $223.35.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $219.39 on Wednesday. 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 1-year low of $105.04 and a 1-year high of $223.61. The stock has a market capitalization of $88.21 billion, a P/E ratio of 61.63, a P/E/G ratio of 2.09 and a beta of 1.29. The business has a 50-day moving average price of $203.90 and a two-hundred day moving average price of $192.16.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. Howmet Aerospace’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

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.