Bank of New York Mellon Corp Cuts Position in Howmet Aerospace Inc. $HWM

Bank of New York Mellon Corp lowered its position in Howmet Aerospace Inc. (NYSE:HWM) by 0.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,678,055 shares of the company’s stock after selling 15,348 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.16% of Howmet Aerospace worth $917,975,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Traub Capital Management LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth $25,000. Winnow Wealth LLC purchased a new stake in Howmet Aerospace during the 2nd quarter worth about $25,000. Newbridge Financial Services Group Inc. boosted its position in shares of Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after acquiring an additional 73 shares in the last quarter. Tradewinds Capital Management LLC increased its holdings in shares of Howmet Aerospace by 52.0% in the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after acquiring an additional 52 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth about $32,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on HWM. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. BTIG Research increased their target price on shares of Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group lifted their price target on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Industrial Alliance Securities set a $240.00 price objective on shares of Howmet Aerospace in a research note on Monday, November 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $215.47 on Wednesday. The company has a 50-day simple moving average of $207.01 and a 200-day simple moving average of $195.01. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $226.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The stock has a market capitalization of $86.63 billion, a price-to-earnings ratio of 60.53, a PEG ratio of 2.04 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results 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. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. On average, analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is 13.48%.

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.