Howmet Aerospace Inc. $HWM Shares Sold by Amundi

Key Points

• Amundi reduced its holdings in Howmet Aerospace by 2.1%, owning 772,860 shares worth approximately $96.6 million after selling 16,847 shares in the first quarter.
• Howmet Aerospace recently declared a quarterly dividend of $0.12 per share, which is an increase from the previous dividend of $0.10, reflecting the company's growth in revenue during the same quarter.
• Multiple brokerages have raised their price targets for Howmet Aerospace shares, with Morgan Stanley setting a new objective at $210.00 and maintaining an "overweight" rating.

Amundi reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 772,860 shares of the company's stock after selling 16,847 shares during the quarter. Amundi owned 0.19% of Howmet Aerospace worth $96,608,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Howmet Aerospace by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock worth $6,202,814,000 after acquiring an additional 695,953 shares during the period. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 4,252,401 shares in the last quarter. Janus Henderson Group PLC boosted its position 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 purchasing an additional 1,026,130 shares in the last quarter. Invesco Ltd. grew its holdings in 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 purchasing an additional 563,109 shares during the last quarter. Finally, Northern Trust Corp increased its position 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 in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Trading Up 2.5%

NYSE:HWM traded up $4.40 on Wednesday, hitting $183.38. 1,362,995 shares of the stock were exchanged, compared to its average volume of 2,962,106. The stock has a fifty day moving average of $179.98 and a 200-day moving average of $158.28. The stock has a market cap of $73.93 billion, a PE ratio of 53.62, a PEG ratio of 2.32 and a beta of 1.45. 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 fifty-two week low of $91.03 and a fifty-two week high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The business 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%.The company's revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HWM. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. BTIG Research set a $205.00 price target on Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. Susquehanna raised their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Finally, 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 research note on Tuesday, August 5th. 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.