First Horizon Corp Invests $706,000 in Howmet Aerospace Inc. $HWM

First Horizon Corp purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,600 shares of the company’s stock, valued at approximately $706,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Howmet Aerospace in the 2nd quarter worth $1,633,157,000. JPMorgan Chase & Co. raised its holdings in shares of Howmet Aerospace by 30.1% in the second 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 in the last quarter. American Century Companies Inc. lifted its stake in Howmet Aerospace by 51.8% in the second 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 period. Nordea Investment Management AB grew its holdings 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 in the last quarter. Finally, Westfield Capital Management Co. LP grew its holdings in Howmet Aerospace by 68.8% during the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock worth $356,617,000 after acquiring an additional 780,896 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on HWM. Citigroup boosted 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. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. TD Cowen increased their target price on Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, October 31st. UBS Group lifted their price target on Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Finally, BTIG Research upped their price objective on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $223.35.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $219.39 on Wednesday. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $223.61. The business’s fifty day simple moving average is $203.90 and its 200-day simple moving average is $192.16. 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 company has a market cap of $88.21 billion, a PE ratio of 61.63, a PEG ratio of 2.09 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, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the business earned $0.81 EPS. The firm’s revenue for the quarter 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. Analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal 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.