Howmet Aerospace Inc. $HWM Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Howmet Aerospace by 6.1%, owning approximately 3,589,432 shares valued at $465.67 million as of the latest SEC disclosure.
• JPMorgan Chase & Co. notably raised its price target for Howmet Aerospace shares from $150.00 to $190.00 and rated the stock as "overweight," reflecting a positive outlook among analysts.
• Howmet Aerospace declared a quarterly dividend of $0.12, an increase from the previous $0.10, with a dividend yield of 0.3% and an anticipated annual payout of $0.48.

Ameriprise Financial Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,589,432 shares of the company's stock after purchasing an additional 206,397 shares during the period. Ameriprise Financial Inc. owned 0.89% of Howmet Aerospace worth $465,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Kapitalo Investimentos Ltda acquired a new position in shares of Howmet Aerospace during the 4th quarter worth about $30,000. Pinpoint Asset Management Ltd raised its position in shares of Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after purchasing an additional 71 shares during the last quarter. Hemington Wealth Management raised its position in shares of Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after purchasing an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in Howmet Aerospace by 100.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Down 0.0%

HWM stock traded down $0.07 during midday trading on Wednesday, hitting $175.86. The company's stock had a trading volume of 617,367 shares, compared to its average volume of 3,016,635. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 52-week low of $90.71 and a 52-week high of $193.26. The firm has a market capitalization of $70.89 billion, a P/E ratio of 51.43, a PEG ratio of 2.22 and a beta of 1.48. The firm has a 50-day simple moving average of $180.03 and a 200-day simple moving average of $155.23.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter last year, the company posted $0.67 EPS. The firm's 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, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Analyst Upgrades and Downgrades

HWM has been the subject of a number of recent research reports. Bank of America increased their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Truist Financial increased their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Morgan Stanley increased their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Barclays reissued an "overweight" rating and issued a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Finally, Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.