Lord Abbett & CO. LLC Invests $6.66 Million in Howmet Aerospace Inc. $HWM

Key Points

• Lord Abbett & CO. LLC has acquired 51,355 shares in Howmet Aerospace, valued at approximately $6.66 million, as part of its new investment strategy during the 1st quarter.
• Analysts have upgraded Howmet Aerospace's price targets significantly, with Wells Fargo raising it to $145 and BTIG Research setting a target of $205, indicating strong investor interest in the company's potential.
• Howmet Aerospace recently declared an increase in its quarterly dividend to $0.12 per share, reflecting a commitment to returning value to shareholders with an annualized yield of 0.3%.

Lord Abbett & CO. LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 51,355 shares of the company's stock, valued at approximately $6,662,000.

Other institutional investors have also modified their holdings of the company. Pinpoint Asset Management Ltd grew its position in Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after buying an additional 71 shares during the last quarter. Hemington Wealth Management lifted its stake in shares of Howmet Aerospace by 46.6% in the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after acquiring an additional 81 shares during the period. GPS Wealth Strategies Group LLC lifted its stake in shares of Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in shares of Howmet Aerospace in the fourth quarter valued at about $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its stake in shares of Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Up 0.8%

NYSE HWM traded up $1.3540 during mid-day trading on Thursday, reaching $173.2940. 1,542,313 shares of the stock were exchanged, compared to its average volume of 3,026,985. The stock has a market capitalization of $69.86 billion, a PE ratio of 50.77, a PEG ratio of 2.22 and a beta of 1.48. The business's fifty day simple moving average is $179.92 and its 200 day simple moving average is $153.78. Howmet Aerospace Inc. has a 1-year low of $90.71 and a 1-year high of $193.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the company earned $0.67 EPS. The firm's quarterly revenue 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. On average, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio is presently 14.04%.

Wall Street Analyst Weigh In

HWM has been the subject of several recent analyst reports. Morgan Stanley raised their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. BTIG Research set a $205.00 target price on Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Susquehanna increased their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday, July 14th. Finally, Barclays reiterated an "overweight" rating and issued a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace 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.