Caxton Associates LLP Makes New $7.70 Million Investment in Howmet Aerospace Inc. $HWM

Key Points

• Caxton Associates LLP invested approximately $7.70 million in Howmet Aerospace, acquiring 59,320 shares during the first quarter, according to their 13F filing.
• Wall Street analysts have positive projections for Howmet Aerospace, with several firms raising their price targets above $190, indicating strong investor confidence in the company's growth potential.
• Howmet Aerospace recently increased its quarterly dividend from $0.10 to $0.12, marking a 20% increase and representing a yield of 0.3% on an annualized basis.

Caxton Associates LLP purchased a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 59,320 shares of the company's stock, valued at approximately $7,696,000.

Several other hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of Howmet Aerospace by 58.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company's stock worth $271,781,000 after acquiring an additional 771,271 shares in the last quarter. Rise Advisors LLC raised its holdings in Howmet Aerospace by 32.4% during 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 period. Nissay Asset Management Corp Japan ADV raised its holdings in Howmet Aerospace by 0.8% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 47,666 shares of the company's stock valued at $6,184,000 after buying an additional 390 shares during the period. NatWest Group plc purchased a new stake in Howmet Aerospace during the 1st quarter valued at $9,439,000. Finally, Night Owl Capital Management LLC increased its stake in Howmet Aerospace by 4.5% in the first quarter. Night Owl Capital Management LLC now owns 77,366 shares of the company's stock worth $10,037,000 after purchasing an additional 3,355 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HWM shares. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Susquehanna boosted their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Barclays reaffirmed an "overweight" rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. Finally, Morgan Stanley raised their target price on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. One investment 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Trading Down 0.8%

NYSE HWM opened at $178.15 on Monday. The firm's fifty day moving average price is $180.06 and its 200 day moving average price is $157.78. 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 12 month low of $90.71 and a 12 month high of $193.26. The company has a market capitalization of $71.82 billion, a price-to-earnings ratio of 52.09, a price-to-earnings-growth ratio of 2.31 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. 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 for the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business's revenue was up 9.2% compared to the same quarter last year. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio is presently 14.04%.

Howmet Aerospace Company 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.

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