Channing Capital Management LLC Decreases Holdings in Howmet Aerospace Inc. $HWM

Key Points

• Channing Capital Management LLC has reduced its stake in Howmet Aerospace Inc. by 4.0%, owning 63,594 shares valued at $8.25 million after selling 2,624 shares in the first quarter.
• Howmet Aerospace reported a quarterly EPS of $0.91, beating estimates, with revenues reaching $2.05 billion, an increase of 9.2% year-over-year.
• The company recently raised its quarterly dividend from $0.10 to $0.12 per share, reflecting a commitment to returning value to shareholders.

Channing Capital Management LLC decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,594 shares of the company's stock after selling 2,624 shares during the quarter. Channing Capital Management LLC's holdings in Howmet Aerospace were worth $8,250,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Pinpoint Asset Management Ltd increased its holdings in shares of Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after buying an additional 71 shares during the last quarter. Hemington Wealth Management boosted its position in Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after purchasing an additional 81 shares during the period. CVA Family Office LLC boosted its position in Howmet Aerospace by 15.7% during the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after purchasing an additional 82 shares during the period. Mount Lucas Management LP boosted its position in Howmet Aerospace by 3.2% during the 1st quarter. Mount Lucas Management LP now owns 2,661 shares of the company's stock worth $345,000 after purchasing an additional 82 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Howmet Aerospace by 4.9% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $171.8280 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. The firm has a 50-day moving average of $179.92 and a two-hundred day moving average of $153.78. The stock has a market cap of $69.27 billion, a P/E ratio of 50.24, a PEG ratio of 2.22 and a beta of 1.48. Howmet Aerospace Inc. has a 1-year low of $90.71 and a 1-year high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $2.05 billion during 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 firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $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. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio is 14.04%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on HWM. BTIG Research set a $205.00 price target on shares of Howmet Aerospace and gave the stock a "buy" rating in a research report on Monday, August 4th. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley upped their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Finally, Susquehanna upped their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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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