GRIMES & Co WEALTH MANAGEMENT LLC Takes $1.58 Million Position in Howmet Aerospace Inc. $HWM

GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,055 shares of the company’s stock, valued at approximately $1,581,000.

Other institutional investors also recently added to or reduced their stakes in the company. Voya Investment Management LLC raised its stake in shares of Howmet Aerospace by 9.1% in the third quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock valued at $244,742,000 after buying an additional 104,207 shares during the period. Shell Asset Management Co. grew its stake in shares of Howmet Aerospace by 135.6% during the 2nd quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock worth $2,312,000 after acquiring an additional 7,148 shares during the period. Greenup Street Wealth Management LLC increased its holdings in Howmet Aerospace by 76.3% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock worth $4,115,000 after acquiring an additional 9,078 shares during the last quarter. Forsta AP Fonden raised its stake in Howmet Aerospace by 27.7% in the 2nd quarter. Forsta AP Fonden now owns 174,900 shares of the company’s stock valued at $32,554,000 after acquiring an additional 37,900 shares during the period. Finally, Vanguard Group Inc. raised its stake in Howmet Aerospace by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock valued at $9,022,725,000 after acquiring an additional 662,132 shares during the period. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

NYSE HWM opened at $219.39 on Wednesday. The company’s 50 day simple moving average is $203.90 and its two-hundred day simple moving average is $192.16. 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 $223.61. The stock has a market capitalization of $88.21 billion, a PE ratio of 61.63, a P/E/G ratio of 2.09 and a beta of 1.29.

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 the consensus estimate 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 analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s quarterly revenue 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 predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on HWM. 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 research report on Friday, November 14th. UBS Group raised their price objective on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Citigroup boosted their target price on shares of Howmet Aerospace from $246.00 to $255.00 and gave the company a “buy” rating in a report on Tuesday. Industrial Alliance Securities set a $240.00 price target on Howmet Aerospace in a report on Monday, November 3rd. Finally, Royal Bank Of Canada lifted their price target on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $223.35.

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.