Baird Financial Group Inc. Grows Stake in Howmet Aerospace Inc. $HWM

Key Points

• Baird Financial Group Inc. increased its stake in Howmet Aerospace by 9.6% during the first quarter, bringing its total holdings to $4.82 million with 37,135 shares.
• Howmet Aerospace reported a quarterly EPS of $0.91, surpassing analyst estimates of $0.87, and its revenue increased 9.2% year-over-year to $2.05 billion.
• The company recently raised its quarterly dividend from $0.10 to $0.12, indicating growth and stability, with a current annualized yield of 0.3%.

Baird Financial Group Inc. raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,135 shares of the company's stock after acquiring an additional 3,249 shares during the period. Baird Financial Group Inc.'s holdings in Howmet Aerospace were worth $4,818,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vident Advisory LLC grew its stake in Howmet Aerospace by 18.6% in the 1st quarter. Vident Advisory LLC now owns 15,434 shares of the company's stock valued at $2,002,000 after buying an additional 2,425 shares in the last quarter. Driehaus Capital Management LLC grew its stake in Howmet Aerospace by 42.5% in the 1st quarter. Driehaus Capital Management LLC now owns 188,567 shares of the company's stock worth $24,463,000 after buying an additional 56,237 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Howmet Aerospace by 17.0% during the first quarter. Canada Pension Plan Investment Board now owns 383,497 shares of the company's stock worth $49,751,000 after purchasing an additional 55,821 shares during the last quarter. WPG Advisers LLC purchased a new position in Howmet Aerospace in the 1st quarter worth $65,000. Finally, B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Howmet Aerospace by 10.8% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 230,682 shares of the company's stock valued at $29,926,000 after purchasing an additional 22,442 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Truist Financial increased their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. 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 research report on Tuesday, August 5th. Vertical Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Trading Up 2.4%

NYSE HWM traded up $4.37 on Wednesday, hitting $183.35. 400,035 shares of the stock were exchanged, compared to its average volume of 2,955,673. Howmet Aerospace Inc. has a 52-week low of $91.03 and a 52-week high of $193.26. The stock has a fifty day moving average price of $179.98 and a two-hundred day moving average price of $158.28. The firm has a market capitalization of $73.91 billion, a P/E ratio of 53.48, a P/E/G ratio of 2.32 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31.

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, beating analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders 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. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, August 8th. Howmet Aerospace's payout ratio is presently 14.04%.

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.