1,332 Shares in Howmet Aerospace Inc. $HWM Acquired by Benin Management CORP

Key Points

• Benin Management CORP has acquired 1,332 shares of Howmet Aerospace Inc. valued at approximately $248,000 in its latest SEC filing.
• Howmet Aerospace reported $0.91 earnings per share for the quarter, exceeding expectations, with a year-over-year revenue increase of 9.2%.
• The company declared a quarterly dividend of $0.12 per share, with an ex-dividend date set for November 7th, representing a 0.2% dividend yield.

Benin Management CORP bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,332 shares of the company's stock, valued at approximately $248,000.

Several other institutional investors have also recently added to or reduced their stakes in HWM. Brighton Jones LLC lifted its stake in Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after purchasing an additional 130 shares during the last quarter. GAMMA Investing LLC lifted its stake in Howmet Aerospace by 22.1% during the first quarter. GAMMA Investing LLC now owns 10,238 shares of the company's stock worth $1,328,000 after purchasing an additional 1,854 shares during the last quarter. PFG Investments LLC lifted its stake in Howmet Aerospace by 77.7% during the first quarter. PFG Investments LLC now owns 3,665 shares of the company's stock worth $475,000 after purchasing an additional 1,602 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Howmet Aerospace by 11.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 33,532 shares of the company's stock worth $4,350,000 after purchasing an additional 3,465 shares during the last quarter. Finally, XML Financial LLC lifted its stake in Howmet Aerospace by 5.5% during the first quarter. XML Financial LLC now owns 1,945 shares of the company's stock worth $252,000 after purchasing an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $197.26 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. The stock has a fifty day moving average price of $184.19 and a 200 day moving average price of $171.02. Howmet Aerospace Inc. has a 1-year low of $98.83 and a 1-year high of $198.48. The company has a market cap of $79.52 billion, a PE ratio of 57.68, a P/E/G ratio of 2.50 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company earned $0.67 earnings per share. The company's revenue for the quarter was up 9.2% on a year-over-year basis. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.04%.

Analysts Set New Price Targets

HWM has been the subject of several recent analyst reports. Susquehanna boosted their target price on Howmet Aerospace from $210.00 to $220.00 and gave the stock a "positive" rating in a research note on Thursday, October 9th. Bank of America increased their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Barclays reissued an "overweight" rating and issued a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Thirteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $181.92.

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.

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