Howmet Aerospace Inc. $HWM Position Reduced by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its stake in Howmet Aerospace Inc. by 4.1% in Q1, selling 4,209 shares and now holding 99,028 shares valued at approximately $12.8 million.
• Analysts have upgraded their price targets for Howmet Aerospace with Barclays setting a target of $190 and Bank of America raising theirs to $215, reflecting a strong consensus on the stock's potential.
• Howmet Aerospace's recent quarterly earnings report showed a significant growth in revenue, with $2.05 billion for the quarter, up 9.2% year-over-year, and a dividend increase from $0.10 to $0.12 per share.

Corebridge Financial Inc. reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,028 shares of the company's stock after selling 4,209 shares during the quarter. Corebridge Financial Inc.'s holdings in Howmet Aerospace were worth $12,847,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HWM. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 4,252,401 shares during the last quarter. Nuveen LLC acquired a new position in Howmet Aerospace in the first quarter valued at $366,209,000. GAMMA Investing LLC increased its stake in Howmet Aerospace by 15,741.8% in the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after purchasing an additional 1,319,792 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in Howmet Aerospace in the first quarter valued at $147,251,000. Finally, Janus Henderson Group PLC increased its stake in Howmet Aerospace by 10.3% in the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 1.1%

HWM stock traded down $1.98 during trading on Monday, reaching $174.18. The stock had a trading volume of 1,665,671 shares, compared to its average volume of 2,390,551. Howmet Aerospace Inc. has a 1-year low of $90.71 and a 1-year 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. The company has a market capitalization of $70.22 billion, a P/E ratio of 50.93, a PEG ratio of 2.25 and a beta of 1.45. The firm has a fifty day moving average price of $180.26 and a 200 day moving average price of $156.69.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data 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 net margin of 18.09% and a return on equity of 28.17%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the business posted $0.67 EPS. The firm'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, equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company 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 was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HWM shares. Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Morgan Stanley lifted 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. Wall Street Zen upgraded Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Truist Financial lifted their target price on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

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.