Allstate Corp Purchases 2,959 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Allstate Corp increased its holdings in Howmet Aerospace Inc. by 26.1%, acquiring an additional 2,959 shares for a total of 14,303 shares valued at $1.86 million.
• Howmet Aerospace reported earnings of $0.91 EPS, exceeding analysts' expectations, with revenue of $2.05 billion for the quarter.
• The company announced a quarterly dividend increase from $0.10 to $0.12, which will be paid on August 25th, indicating a 0.3% yield.

Allstate Corp lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 26.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,303 shares of the company's stock after acquiring an additional 2,959 shares during the quarter. Allstate Corp's holdings in Howmet Aerospace were worth $1,856,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Howmet Aerospace by 1.5% in the 1st 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 last quarter. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 4,252,401 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after buying an additional 1,026,130 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Howmet Aerospace by 8.3% in the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company's stock valued at $949,006,000 after buying an additional 563,109 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Howmet Aerospace by 1.3% in the first quarter. Northern Trust Corp now owns 3,722,871 shares of the company's stock valued at $482,968,000 after buying an additional 45,963 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Down 1.4%

Shares of NYSE HWM opened at $170.7960 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $90.71 and a fifty-two week high of $193.26. The firm has a market capitalization of $68.85 billion, a P/E ratio of 49.94, a P/E/G ratio of 2.24 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. The company's 50 day simple moving average is $179.96 and its 200 day simple moving average is $154.41.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results 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 net margin of 18.09% and a return on equity of 28.17%. The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays reissued an "overweight" rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Wells Fargo & Company upped their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. UBS Group raised their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, May 2nd. Finally, Wall Street Zen raised Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus target price 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.

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