Catalyst Capital Advisors LLC Raises Position in Howmet Aerospace Inc. $HWM

Key Points

• Catalyst Capital Advisors LLC significantly increased its stake in Howmet Aerospace by 545.4% during the second quarter, owning 3,401 shares valued at $633,000.
• Howmet Aerospace reported a Q2 earnings per share of $0.91, surpassing analysts' estimates of $0.87, and experienced a year-over-year revenue increase of 9.2%.
• The company declared a quarterly dividend of $0.12 per share, with an annualized dividend of $0.48 representing a yield of 0.2%, set to be paid on November 25th.

Catalyst Capital Advisors LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 545.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,401 shares of the company's stock after buying an additional 2,874 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Howmet Aerospace were worth $633,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its position in Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after acquiring an additional 130 shares in the last quarter. GAMMA Investing LLC grew its position in Howmet Aerospace by 22.1% in the first quarter. GAMMA Investing LLC now owns 10,238 shares of the company's stock valued at $1,328,000 after acquiring an additional 1,854 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Howmet Aerospace by 11.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 33,532 shares of the company's stock valued at $4,350,000 after acquiring an additional 3,465 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Howmet Aerospace by 4.0% in the first quarter. Oppenheimer & Co. Inc. now owns 16,343 shares of the company's stock valued at $2,120,000 after acquiring an additional 622 shares in the last quarter. Finally, International Assets Investment Management LLC grew its position in Howmet Aerospace by 7.1% in the first quarter. International Assets Investment Management LLC now owns 2,406 shares of the company's stock valued at $312,000 after acquiring an additional 159 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $198.71 on Friday. Howmet Aerospace Inc. has a twelve month low of $98.83 and a twelve month high of $202.50. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $80.11 billion, a price-to-earnings ratio of 58.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.45. The business has a 50 day simple moving average of $185.51 and a 200-day simple moving average of $172.31.

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 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 business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the business earned $0.67 EPS. The business'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. As a group, equities research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, November 7th. Howmet Aerospace's payout ratio is 14.04%.

Analyst Ratings Changes

HWM has been the subject of several recent research reports. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the company a "buy" rating in a research report on Monday, August 4th. 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. Truist Financial increased their price objective on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, October 15th. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average target price of $181.92.

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.

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