DSG Capital Advisors LLC Buys 4,327 Shares of Howmet Aerospace Inc. $HWM

DSG Capital Advisors LLC lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 14.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,487 shares of the company’s stock after purchasing an additional 4,327 shares during the quarter. Howmet Aerospace comprises 1.1% of DSG Capital Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. DSG Capital Advisors LLC’s holdings in Howmet Aerospace were worth $6,767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Howmet Aerospace in the second quarter valued at approximately $1,633,157,000. JPMorgan Chase & Co. lifted its holdings in shares of Howmet Aerospace by 30.1% in the 2nd 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 holdings in shares of Howmet Aerospace by 51.8% in the 2nd 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 in the last quarter. Nordea Investment Management AB increased its stake 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 valued at $163,137,000 after purchasing an additional 819,040 shares in the last quarter. Finally, Westfield Capital Management Co. LP increased its stake 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 valued at $356,617,000 after purchasing an additional 780,896 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Performance

Shares of HWM opened at $215.47 on Wednesday. The stock has a 50 day moving average of $207.01 and a 200 day moving average of $195.01. The company 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 Inc. has a 12 month low of $105.04 and a 12 month high of $226.87. 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 (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior 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. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be paid 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 payout ratio is presently 13.48%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America upped their target price on shares of Howmet Aerospace from $215.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a research note on Monday, November 3rd. Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. BTIG Research upped their price target on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, TD Cowen restated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $224.53.

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.