1832 Asset Management L.P. Buys 233,614 Shares of Howmet Aerospace Inc. $HWM

Key Points

• 1832 Asset Management L.P. increased its stake in Howmet Aerospace Inc. by 43.6% during Q1, now owning approximately 0.19% of the company valued at $99.78 million.
• Howmet Aerospace's stock is currently down 1.4% and has shown a 12-month high of $193.26, alongside a recent quarterly earnings report that exceeded analyst expectations.
• Howmet Aerospace recently increased its quarterly dividend from $0.10 to $0.12, representing a 0.3% dividend yield.

1832 Asset Management L.P. raised its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 43.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 769,164 shares of the company's stock after purchasing an additional 233,614 shares during the quarter. 1832 Asset Management L.P. owned approximately 0.19% of Howmet Aerospace worth $99,784,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HWM. Vanguard Group Inc. boosted its holdings in shares of Howmet Aerospace by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock worth $6,202,814,000 after buying an additional 695,953 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Howmet Aerospace by 21.1% during the 1st 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 in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after buying an additional 1,026,130 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Howmet Aerospace by 8.3% during the 1st 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 in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Howmet Aerospace by 1.3% during the 1st 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 in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded up $0.00 during trading hours on Wednesday, hitting $175.92. 1,910,135 shares of the company's stock traded hands, compared to its average volume of 3,021,228. The company has a fifty day simple moving average of $180.03 and a 200-day simple moving average of $155.23. Howmet Aerospace Inc. has a 12-month low of $90.71 and a 12-month high of $193.26. The stock has a market capitalization of $70.92 billion, a price-to-earnings ratio of 51.44, a PEG ratio of 2.22 and a beta of 1.48. 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 - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the firm posted $0.67 EPS. The firm'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. Equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a $0.12 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace's payout ratio is 14.04%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America increased their price target on Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Truist Financial increased their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, Barclays reiterated an "overweight" rating and issued a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $172.13.

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.