Caisse DE Depot ET Placement DU Quebec Sells 146,631 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its holdings in Howmet Aerospace Inc. by 45.5%, selling 146,631 shares during the first quarter.
• Howmet Aerospace announced a quarterly dividend increase from $0.10 to $0.12, with a current annualized yield of 0.3%.
• Several institutional investors significantly increased their stakes in Howmet Aerospace, with Kayne Anderson Rudnick raising its holdings by a remarkable 3,921.4% in the same quarter.

Caisse DE Depot ET Placement DU Quebec trimmed its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 45.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,290 shares of the company's stock after selling 146,631 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Howmet Aerospace were worth $22,740,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWM. Pinpoint Asset Management Ltd increased its holdings in shares of Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after buying an additional 71 shares in the last quarter. Hemington Wealth Management grew its stake in shares of Howmet Aerospace by 46.6% in 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 last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Howmet Aerospace by 114.6% in 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 last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Howmet Aerospace in the fourth quarter worth $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Howmet Aerospace by 100.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after purchasing an additional 140 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HWM. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Truist Financial boosted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Bank of America boosted their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Susquehanna increased their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report 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 issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $172.13.

Howmet Aerospace Stock Down 1.1%

Shares of HWM stock traded down $1.98 on Friday, reaching $174.18. 1,665,671 shares of the company were exchanged, compared to its average volume of 2,561,737. The company has a market cap of $70.22 billion, a price-to-earnings ratio of 50.93, a PEG ratio of 2.25 and a beta of 1.48. The company has a 50-day moving average of $180.29 and a 200-day moving average of $156.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a one year low of $90.71 and a one year 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The company had revenue of $2.05 billion for 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 was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. Analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given a dividend of $0.12 per share. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. 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%. Howmet Aerospace's payout ratio is currently 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.