Vise Technologies Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 15.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,876 shares of the company’s stock after buying an additional 3,846 shares during the quarter. Vise Technologies Inc.’s holdings in Howmet Aerospace were worth $6,531,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Howmet Aerospace in the 2nd quarter valued at $12,318,939,000. Bank of America Corp DE bought a new stake in shares of Howmet Aerospace during the second quarter worth about $2,766,806,000. Jupiter Topco LLC bought a new stake in Howmet Aerospace during the 2nd quarter worth approximately $2,065,086,000. Bank of New York Mellon Corp bought a new stake in Howmet Aerospace during the 2nd quarter worth approximately $1,099,765,000. Finally, Legal & General Group Plc acquired a new position in Howmet Aerospace in the 2nd quarter valued at approximately $580,991,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Howmet Aerospace
Here are the key news stories impacting Howmet Aerospace this week:
- Positive Sentiment: KeyBanc upgraded Howmet Aerospace to Overweight following the company’s third-quarter report, signaling increased confidence in its earnings outlook and aerospace-related growth prospects. KeyBanc upgrades Howmet Aerospace to Overweight after Q3 report
- Positive Sentiment: A Zacks analysis said growth investors should not overlook HWM, citing above-average financial growth and the company’s potential to outperform the broader market. 3 Reasons Why Growth Investors Shouldn’t Overlook Howmet
- Positive Sentiment: BTIG maintained a Buy rating while setting a $280 price target, which still implies substantial potential upside from the stock’s referenced price, despite reducing its previous target. BTIG Adjusts Price Target on Howmet Aerospace
- Neutral Sentiment: BTIG lowered its price target to $280 from $340, reflecting more cautious valuation assumptions, but its continued Buy rating indicates analysts still view HWM’s long-term fundamentals favorably. Howmet Aerospace price target lowered at BTIG
- Negative Sentiment: UBS reduced its target to $230 from $255 and maintained a Neutral rating, while Susquehanna and BNP Paribas Exane also trimmed their targets, adding pressure to the near-term valuation narrative. Howmet Aerospace Stock Gets Price Target Reduction from BNP Paribas Exane Howmet Aerospace Stock Gets Price Target Trim from Susquehanna
Howmet Aerospace Stock Performance
Shares of HWM opened at $212.89 on Tuesday. Howmet Aerospace Inc. has a one year low of $183.52 and a one year high of $310.00. The company has a market cap of $85.18 billion, a PE ratio of 41.66, a P/E/G ratio of 1.75 and a beta of 1.21. The stock has a 50-day moving average of $227.83 and a 200-day moving average of $248.46. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87.
Howmet Aerospace (NYSE:HWM – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.09. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.59 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. Howmet Aerospace’s revenue was up 29.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.95 EPS. On average, equities research analysts predict that Howmet Aerospace Inc. will post 5.45 EPS for the current fiscal year.
Howmet Aerospace Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 6th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 10.96%.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Howmet Aerospace from $338.00 to $343.00 and gave the company a “buy” rating in a report on Friday, August 7th. Morgan Stanley reaffirmed an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a report on Monday, August 10th. Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. BNP Paribas Exane reduced their price target on Howmet Aerospace from $310.00 to $250.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Jefferies Financial Group decreased their price target on Howmet Aerospace from $370.00 to $350.00 and set a “buy” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $298.75.
Read Our Latest Analysis on HWM
Howmet Aerospace Profile
Howmet Aerospace Inc (NYSE:HWM) is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.
Howmet’s product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.
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