Bank of Montreal Can Cuts Stake in Howmet Aerospace Inc. $HWM

Bank of Montreal Can reduced its stake in Howmet Aerospace Inc. (NYSE:HWM) by 15.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 382,156 shares of the company’s stock after selling 68,857 shares during the quarter. Bank of Montreal Can owned 0.09% of Howmet Aerospace worth $71,131,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HWM. Harbour Investments Inc. lifted its holdings in shares of Howmet Aerospace by 10.1% in the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock worth $145,000 after buying an additional 102 shares in the last quarter. PFG Advisors grew its position in shares of Howmet Aerospace by 37.9% during the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock valued at $1,245,000 after purchasing an additional 2,635 shares in the last quarter. Private Trust Co. NA grew its position in shares of Howmet Aerospace by 65.4% during the 1st quarter. Private Trust Co. NA now owns 673 shares of the company’s stock valued at $87,000 after purchasing an additional 266 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Howmet Aerospace in the second quarter worth $40,949,000. Finally, Diversified Trust Co grew its position in Howmet Aerospace by 13.5% in the second quarter. Diversified Trust Co now owns 22,297 shares of the company’s stock worth $4,150,000 after acquiring an additional 2,645 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HWM has been the subject of several research reports. BTIG Research upped their target price on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday. The Goldman Sachs Group upped their target price on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research report on Monday. UBS Group upped their target price on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday. Bank of America upped their target price on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada upped their target price on shares of Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $205.73.

Howmet Aerospace Stock Performance

NYSE HWM opened at $204.83 on Wednesday. The company has a 50-day simple moving average of $189.88 and a two-hundred day simple moving average of $177.25. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 12-month low of $99.90 and a 12-month high of $211.95. The firm has a market cap of $82.57 billion, a price-to-earnings ratio of 59.89, a PEG ratio of 2.64 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM) last posted 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. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s 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. Q4 2025 guidance at 0.940-0.960 EPS. On average, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, November 7th. Howmet Aerospace’s payout ratio is currently 13.48%.

Howmet Aerospace Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.