Central Pacific Bank Trust Division Lowers Holdings in Howmet Aerospace Inc. $HWM

Key Points

• Central Pacific Bank Trust Division reduced its holdings in Howmet Aerospace by 18.6% during the 2nd quarter, owning 7,032 shares valued at approximately $1.31 million as of its last SEC filing.
• Howmet Aerospace reported a quarterly earnings per share (EPS) of $0.91, exceeding the consensus estimate of $0.87, with a revenue increase of 9.2% year-over-year, totaling $2.05 billion.
• The company recently increased its quarterly dividend from $0.10 to $0.12, resulting in an annualized dividend yield of 0.3%.

Central Pacific Bank Trust Division reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 18.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,032 shares of the company's stock after selling 1,610 shares during the quarter. Central Pacific Bank Trust Division's holdings in Howmet Aerospace were worth $1,309,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Howmet Aerospace by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock valued at $3,171,970,000 after acquiring an additional 4,252,401 shares in the last quarter. Nuveen LLC bought a new stake in shares of Howmet Aerospace in the 1st quarter valued at about $366,209,000. GAMMA Investing LLC lifted its position in shares of Howmet Aerospace by 15,741.8% in the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after purchasing an additional 1,319,792 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of Howmet Aerospace during the first quarter valued at approximately $147,251,000. Finally, Zurich Insurance Group Ltd FI bought a new position in shares of Howmet Aerospace during the fourth quarter valued at approximately $102,996,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 1.0%

Shares of Howmet Aerospace stock opened at $186.00 on Friday. The firm's 50 day simple moving average is $180.31 and its two-hundred day simple moving average is $159.40. The firm has a market capitalization of $74.98 billion, a price-to-earnings ratio of 54.39, a PEG ratio of 2.38 and a beta of 1.45. Howmet Aerospace Inc. has a 12-month low of $92.77 and a 12-month high of $193.26. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. 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 firm posted $0.67 earnings per share. The business's revenue for the quarter 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. Analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Wall Street Analyst Weigh In

HWM has been the subject of a number of analyst reports. Wall Street Zen upgraded Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Truist Financial upped their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Bank of America upped their target price on Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Barclays restated an "overweight" rating and set a $190.00 target price (up previously from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Finally, BTIG Research set a $205.00 price target on Howmet Aerospace and gave the stock a "buy" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus 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.

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