Sumitomo Life Insurance Co. Grows Stock Position in Howmet Aerospace Inc. $HWM

Sumitomo Life Insurance Co. raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.9% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 17,105 shares of the company’s stock after buying an additional 1,815 shares during the period. Sumitomo Life Insurance Co.’s holdings in Howmet Aerospace were worth $3,184,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Kesler Norman & Wride LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $250,000. Leeward Financial Partners LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $216,000. Kovack Advisors Inc. purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $316,000. Wolverine Asset Management LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $372,000. Finally, Moody Aldrich Partners LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $256,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

NYSE:HWM opened at $206.47 on Friday. Howmet Aerospace Inc. has a 12 month low of $99.10 and a 12 month high of $211.95. The stock has a 50 day moving average of $188.59 and a two-hundred day moving average of $175.72. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The firm has a market cap of $83.23 billion, a P/E ratio of 60.37, a price-to-earnings-growth ratio of 2.64 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the business earned $0.81 EPS. Howmet Aerospace’s quarterly 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, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal 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 dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, November 7th. Howmet Aerospace’s payout ratio is 13.48%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Wall Street Zen upgraded Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Bank of America lifted their price target on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, August 5th. Finally, Barclays restated an “overweight” rating and issued a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Fifteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.57.

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.