Busey Bank Buys Shares of 1,379 Howmet Aerospace Inc. $HWM

Key Points

• Busey Bank has acquired a new position in Howmet Aerospace Inc., purchasing 1,379 shares valued at around $257,000 during the 2nd quarter.
• Analysts have mostly rated Howmet Aerospace positively, with an average rating of "Moderate Buy" and a consensus target price of $172.13.
• Howmet Aerospace announced a quarterly dividend increase to $0.12 per share, up from $0.10, reflecting a 0.3% yield.

Busey Bank bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,379 shares of the company's stock, valued at approximately $257,000.

Several other institutional investors and hedge funds have also bought and sold shares of HWM. Brighton Jones LLC raised its holdings in Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after acquiring an additional 130 shares in the last quarter. Two Sigma Advisers LP raised its stake in Howmet Aerospace by 15.9% in the fourth quarter. Two Sigma Advisers LP now owns 8,000 shares of the company's stock valued at $875,000 after buying an additional 1,100 shares during the period. Waverly Advisors LLC bought a new stake in Howmet Aerospace in the fourth quarter valued at approximately $274,000. Focus Partners Advisor Solutions LLC raised its stake in Howmet Aerospace by 11.6% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 3,058 shares of the company's stock valued at $334,000 after buying an additional 319 shares during the period. Finally, Vise Technologies Inc. raised its stake in Howmet Aerospace by 89.5% in the fourth quarter. Vise Technologies Inc. now owns 10,132 shares of the company's stock valued at $1,108,000 after buying an additional 4,784 shares during the period. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

HWM has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Truist Financial upped their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, Susquehanna upped their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Monday, July 14th. 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.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.13.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded up $1.89 on Monday, hitting $192.12. The stock had a trading volume of 2,110,650 shares, compared to its average volume of 2,945,929. Howmet Aerospace Inc. has a twelve month low of $97.23 and a twelve month high of $193.26. The business's 50 day moving average is $181.21 and its two-hundred day moving average is $161.64. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The stock has a market cap of $77.45 billion, a price-to-earnings ratio of 56.18, a price-to-earnings-growth ratio of 2.46 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. 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 given a dividend of $0.12 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 8th. Howmet Aerospace's dividend payout ratio (DPR) is currently 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.