12,685 Howmet Aerospace Inc. $HWM Shares Sold by Neville Rodie & Shaw Inc.

Key Points

• Neville Rodie & Shaw reduced its Howmet Aerospace stake by 20.2%, selling 12,685 shares and retaining 50,129 shares valued at $11.34 million. Institutional investors collectively own 90.46% of the company.
• Analysts maintain a generally positive outlook, with Howmet receiving a consensus “Moderate Buy” rating and an average price target of $314.84, despite Wells Fargo lowering its target to $255.
• Howmet shares recently traded at $230.50, while the company reported quarterly EPS of $1.33 versus the $1.24 consensus estimate and raised its quarterly dividend from $0.12 to $0.14 per share.

Neville Rodie & Shaw Inc. trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 20.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,129 shares of the company's stock after selling 12,685 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in Howmet Aerospace were worth $11,338,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HWM. BlackRock Inc. purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $12,318,939,000. State Street Corp lifted its stake in Howmet Aerospace by 3.3% in the second quarter. State Street Corp now owns 18,933,928 shares of the company's stock valued at $5,090,576,000 after purchasing an additional 612,866 shares during the last quarter. Bank of America Corp DE bought a new position in Howmet Aerospace during the second quarter valued at $2,766,806,000. Jupiter Topco LLC bought a new position in Howmet Aerospace during the second quarter valued at $2,065,086,000. Finally, Bank of New York Mellon Corp purchased a new stake in Howmet Aerospace in the second quarter worth $1,099,765,000. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Howmet Aerospace from $315.00 to $255.00 and set an "equal weight" rating on the stock in a research report on Wednesday, September 30th. Guggenheim started coverage on Howmet Aerospace in a research note on Monday, September 14th. They issued a "buy" rating and a $350.00 price objective on the stock. Susquehanna upped their price objective on shares of Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a report on Friday, August 7th. UBS Group upped their price objective on shares of Howmet Aerospace from $299.00 to $326.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Finally, Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $314.84.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded down $0.77 on Monday, reaching $230.50. The stock had a trading volume of 764,411 shares, compared to its average volume of 2,714,977. The business's 50 day moving average is $257.63 and its two-hundred day moving average is $257.90. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. Howmet Aerospace Inc. has a 1 year low of $183.83 and a 1 year high of $310.00. The company has a market cap of $92.23 billion, a P/E ratio of 49.67, a price-to-earnings-growth ratio of 2.08 and a beta of 1.21.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.09. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The business's revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. As a group, research analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were given a dividend of $0.14 per share. The ex-dividend date was Friday, August 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.07%.

Howmet Aerospace Company Profile

Howmet Aerospace Inc NYSE: HWM is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company's principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.

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