Howmet Aerospace Inc. $HWM Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 2.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,296 shares of the company’s stock after selling 3,151 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Howmet Aerospace were worth $27,726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Traub Capital Management LLC acquired a new stake in Howmet Aerospace in the second quarter worth about $25,000. Winnow Wealth LLC acquired a new position in shares of Howmet Aerospace during the second quarter valued at about $25,000. Newbridge Financial Services Group Inc. raised its position in shares of 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 during the last quarter. Tradewinds Capital Management LLC boosted its stake in Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in Howmet Aerospace during the 2nd quarter worth approximately $32,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on HWM shares. Wall Street Zen lowered shares of Howmet Aerospace from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. Susquehanna restated a “positive” rating and issued a $255.00 target price on shares of Howmet Aerospace in a research note on Thursday. Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the company an “overweight” rating in a research note on Friday, October 31st. Finally, BNP Paribas Exane started coverage on Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price objective on the stock. One 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 stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Price Performance

NYSE:HWM opened at $224.29 on Friday. The firm’s fifty day moving average is $204.55 and its two-hundred day moving average is $192.58. The firm has a market cap of $90.18 billion, a price-to-earnings ratio of 63.00, a PEG ratio of 2.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $226.87.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The company’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. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

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.