Profund Advisors LLC Increases Stake in Howmet Aerospace Inc. $HWM

Profund Advisors LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 30.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,698 shares of the company’s stock after acquiring an additional 1,339 shares during the period. Profund Advisors LLC’s holdings in Howmet Aerospace were worth $1,061,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HWM. Harbour Investments Inc. increased its holdings in Howmet Aerospace by 10.1% during the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock valued at $145,000 after purchasing an additional 102 shares during the period. PFG Advisors lifted its holdings in Howmet Aerospace by 37.9% in the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after buying an additional 2,635 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth approximately $40,949,000. Assetmark Inc. increased its stake in shares of Howmet Aerospace by 1,288.0% during the second quarter. Assetmark Inc. now owns 8,883 shares of the company’s stock valued at $1,653,000 after buying an additional 8,243 shares during the period. Finally, Asahi Life Asset Management CO. LTD. purchased a new position in shares of Howmet Aerospace during the second quarter valued at approximately $491,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. BTIG Research raised their price target on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research note on Monday, November 3rd. Finally, UBS Group raised their price objective on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.79.

Howmet Aerospace Trading Down 0.4%

Shares of NYSE HWM opened at $208.94 on Wednesday. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $211.95. The stock has a market cap of $84.01 billion, a P/E ratio of 61.09, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. The firm has a 50-day moving average of $193.15 and a 200 day moving average of $180.02. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business 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. The ex-dividend date is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s payout ratio is presently 13.48%.

Howmet Aerospace Company 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.