1,414 Shares in Howmet Aerospace Inc. $HWM Purchased by Ascent Group LLC

Key Points

• Ascent Group LLC recently acquired 1,414 shares of Howmet Aerospace, valued at approximately $263,000, further indicating institutional interest in the company.
• Howmet Aerospace's stock has been upgraded by several analysts, with Bank of America raising its target price from $185.00 to $215.00 and the stock currently holds an average rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.12 per share, with an ex-dividend date of November 7th, reflecting a 0.3% yield and a payout ratio of 14.04%.

Ascent Group LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,414 shares of the company's stock, valued at approximately $263,000.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Howmet Aerospace by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock valued at $6,202,814,000 after buying an additional 695,953 shares during the period. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 21.1% during the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock worth $3,171,970,000 after buying an additional 4,252,401 shares during the period. Invesco Ltd. boosted its stake in Howmet Aerospace by 8.3% during the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company's stock worth $949,006,000 after buying an additional 563,109 shares during the period. Northern Trust Corp boosted its stake in Howmet Aerospace by 1.3% during the first quarter. Northern Trust Corp now owns 3,722,871 shares of the company's stock worth $482,968,000 after buying an additional 45,963 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Howmet Aerospace by 6.1% in the 1st quarter. Ameriprise Financial Inc. now owns 3,589,432 shares of the company's stock worth $465,666,000 after acquiring an additional 206,397 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Howmet Aerospace in a research note on Saturday, September 27th. Vertical Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Finally, Bank of America boosted 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. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $175.50.

Howmet Aerospace Stock Up 0.4%

Shares of NYSE HWM opened at $191.26 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The firm has a market capitalization of $77.10 billion, a price-to-earnings ratio of 55.92, a PEG ratio of 2.47 and a beta of 1.45. The stock has a 50 day moving average price of $182.42 and a 200 day moving average price of $166.80. Howmet Aerospace Inc. has a 52-week low of $98.83 and a 52-week high of $198.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.Howmet Aerospace's revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. 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 expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, November 7th. Howmet Aerospace's dividend payout ratio is presently 14.04%.

About Howmet Aerospace

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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