Aberdeen Group plc Has $42.34 Million Stock Position in Howmet Aerospace Inc. $HWM

Key Points

• Aberdeen Group plc increased its stake in Howmet Aerospace Inc. by 140.1%, holding 330,075 shares worth approximately $42.34 million at the end of the first quarter.
• Howmet Aerospace reported a 9.2% increase in revenue year-over-year, reaching $2.05 billion, and beat EPS expectations for the quarter with $0.91, surpassing the consensus estimate of $0.87.
• The company announced a dividend increase to $0.12 per share, boosting its annualized dividend to $0.48 with a yield of 0.3%.

Aberdeen Group plc boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 140.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 330,075 shares of the company's stock after acquiring an additional 192,585 shares during the period. Aberdeen Group plc owned about 0.08% of Howmet Aerospace worth $42,340,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Howmet Aerospace by 1.5% in the first quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock valued at $6,202,814,000 after purchasing an additional 695,953 shares during the period. JPMorgan Chase & Co. grew 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. Price T Rowe Associates Inc. MD grew its stake in Howmet Aerospace by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock worth $1,445,210,000 after buying an additional 80,972 shares during the period. Janus Henderson Group PLC grew its stake in Howmet Aerospace by 10.3% during the fourth 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 during the period. Finally, Invesco Ltd. grew 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. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE HWM traded up $0.6030 during midday trading on Friday, reaching $173.8530. 919,431 shares of the company traded hands, compared to its average volume of 3,018,492. The firm has a market cap of $70.09 billion, a PE ratio of 50.88, a PEG ratio of 2.23 and a beta of 1.48. The stock's 50-day simple moving average is $179.96 and its 200-day simple moving average is $154.10. Howmet Aerospace Inc. has a 12 month low of $90.71 and a 12 month 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 announced its quarterly earnings data on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The firm 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%.The company's revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. As a group, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HWM. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the stock a "buy" rating in a research report on Monday, August 4th. Wells Fargo & Company increased their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research report on Friday, May 2nd. Bank of America increased their target price on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

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.