Raiffeisen Bank International AG Sells 3,352 Shares of Howmet Aerospace Inc. $HWM

Raiffeisen Bank International AG trimmed its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 40.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,951 shares of the company’s stock after selling 3,352 shares during the period. Raiffeisen Bank International AG’s holdings in Howmet Aerospace were worth $872,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of HWM. Harbour Investments Inc. grew its position in shares of Howmet Aerospace by 10.1% during the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock valued at $145,000 after purchasing an additional 102 shares in the last quarter. PFG Advisors boosted its stake in Howmet Aerospace by 37.9% during the first quarter. PFG Advisors now owns 9,593 shares of the company’s stock valued at $1,245,000 after buying an additional 2,635 shares during the last quarter. Shell Asset Management Co. grew its holdings in Howmet Aerospace by 135.6% during the 2nd quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock valued at $2,312,000 after buying an additional 7,148 shares in the last quarter. Forsta AP Fonden grew its holdings in Howmet Aerospace by 27.7% during the 2nd quarter. Forsta AP Fonden now owns 174,900 shares of the company’s stock valued at $32,554,000 after buying an additional 37,900 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Howmet Aerospace in the 2nd quarter worth approximately $40,949,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on HWM. Royal Bank Of Canada increased their target price on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. The Goldman Sachs Group increased their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. BNP Paribas Exane started coverage on shares of Howmet Aerospace in a report on Tuesday. They issued an “outperform” rating and a $240.00 target price on the stock. Finally, Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Fifteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $216.93.

Howmet Aerospace Stock Up 0.5%

Shares of HWM opened at $201.23 on Wednesday. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average of $195.57 and a 200 day moving average of $182.11. The company has a market cap of $80.91 billion, a PE ratio of 58.84, a P/E/G ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $211.95.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. 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 firm posted $0.81 earnings per share. 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, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

About Howmet Aerospace

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.