Alliancebernstein L.P. Sells 339,345 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Alliancebernstein L.P. reduced its holdings in Howmet Aerospace Inc. by 36.9%, selling 339,345 shares during the first quarter, leaving it with 580,185 shares valued at approximately $75.3 million.
• Several institutional investors, including Banque Transatlantique SA and Dark Forest Capital Management, significantly increased their positions in Howmet Aerospace, reflecting a strong interest in the company.
• Howmet Aerospace recently increased its quarterly dividend from $0.10 to $0.12 per share, signaling financial growth, with an annualized yield of 0.3%.

Alliancebernstein L.P. lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 36.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 580,185 shares of the company's stock after selling 339,345 shares during the period. Alliancebernstein L.P. owned about 0.14% of Howmet Aerospace worth $75,267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HWM. Pinpoint Asset Management Ltd grew its holdings in Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after purchasing an additional 71 shares during the period. Hemington Wealth Management boosted its stake in Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after acquiring an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position 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 buying an additional 141 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Howmet Aerospace by 100.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after buying an additional 140 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in Howmet Aerospace in the 1st quarter valued at about $37,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

HWM stock traded up $4.66 during mid-day trading on Wednesday, hitting $183.64. The stock had a trading volume of 1,994,412 shares, compared to its average volume of 2,966,094. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 52 week low of $91.03 and a 52 week high of $193.26. The firm has a market capitalization of $74.03 billion, a P/E ratio of 53.70, a P/E/G ratio of 2.32 and a beta of 1.45. The firm has a fifty day simple moving average of $179.98 and a 200 day simple moving average of $158.28.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly 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. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the company posted $0.67 EPS. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. 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, research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were paid a dividend of $0.12 per share. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Barclays reissued an "overweight" rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Wall Street Zen raised Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, 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 note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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.