AlphaQuest LLC Increases Stock Holdings in Howmet Aerospace Inc. $HWM

Key Points

• AlphaQuest LLC increased its stake in Howmet Aerospace Inc. by 188.2% in Q1, owning 3,571 shares valued at $463,000 after purchasing an additional 2,332 shares.
• Howmet Aerospace reported a 9.2% revenue increase year-over-year, with Q2 earnings of $0.91 EPS, surpassing analysts' expectations.
• The company recently raised its quarterly dividend from $0.10 to $0.12, marking an annual yield of 0.3% amid an increase in dividends at a 14.04% payout ratio.

AlphaQuest LLC grew its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 188.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,571 shares of the company's stock after buying an additional 2,332 shares during the quarter. AlphaQuest LLC's holdings in Howmet Aerospace were worth $463,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HWM. JPMorgan Chase & Co. increased its position 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 in the last quarter. Nuveen LLC purchased a new stake in shares of Howmet Aerospace during the first quarter worth approximately $366,209,000. GAMMA Investing LLC increased its position in shares of Howmet Aerospace by 15,741.8% during the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after purchasing an additional 1,319,792 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Howmet Aerospace during the first quarter worth approximately $147,251,000. Finally, Janus Henderson Group PLC increased its position in shares of 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 purchasing an additional 1,026,130 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on HWM. JPMorgan Chase & Co. boosted their price target on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Bank of America upped their target price on Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Susquehanna upped their target price on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday, July 14th. Truist Financial upped their target price on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. One investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Trading Down 1.1%

HWM traded down $1.98 during mid-day trading on Friday, hitting $174.18. 1,665,671 shares of the stock were exchanged, compared to its average volume of 2,561,737. The firm's fifty day moving average is $180.29 and its two-hundred day moving average is $156.21. Howmet Aerospace Inc. has a 1-year low of $90.71 and a 1-year high of $193.26. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The company has a market cap of $70.22 billion, a PE ratio of 50.93, a PEG ratio of 2.25 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion for 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%.Howmet Aerospace's revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities analysts forecast 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 was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, August 8th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is 14.04%.

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.