Belpointe Asset Management LLC Purchases New Shares in Howmet Aerospace Inc. $HWM

Key Points

• Belpointe Asset Management LLC acquired a position in Howmet Aerospace Inc. by purchasing 1,675 shares valued at approximately $217,000 in the first quarter.
• Howmet Aerospace has recently increased its quarterly dividend to $0.12 per share, up from $0.10, representing a 0.3% dividend yield.
• Research analysts are optimistic about Howmet Aerospace, with several raising their target prices, and the stock generally rated as a "Moderate Buy" with an average target price of $172.13.

Belpointe Asset Management LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,675 shares of the company's stock, valued at approximately $217,000.

Several other hedge funds have also added to or reduced their stakes in HWM. Pinpoint Asset Management Ltd raised its stake in Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Hemington Wealth Management raised its position in shares of Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after purchasing an additional 81 shares during the period. GPS Wealth Strategies Group LLC raised its position in shares of Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after purchasing an additional 141 shares during the period. Rise Advisors LLC raised its position in Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company's stock valued at $35,000 after buying an additional 66 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake 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 purchasing an additional 140 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

NYSE HWM traded down $1.46 on Friday, hitting $190.38. 4,620,857 shares of the stock were exchanged, compared to its average volume of 2,070,371. 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 business's fifty day moving average is $181.21 and its 200 day moving average is $161.17. Howmet Aerospace Inc. has a 52 week low of $96.52 and a 52 week high of $193.26. The company has a market capitalization of $76.75 billion, a PE ratio of 55.67, a P/E/G ratio of 2.48 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted 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 analysts' expectations of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 earnings per share. 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 anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 8th. This is a positive change 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%. Howmet Aerospace's payout ratio is 14.04%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several recent analyst reports. Barclays reaffirmed an "overweight" rating and issued a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. BTIG Research set a $205.00 price objective on Howmet Aerospace and gave the company a "buy" rating in a research report on Monday, August 4th. Zacks Research raised Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Wall Street Zen raised Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

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.