Corient IA LLC Makes New $2.08 Million Investment in Howmet Aerospace Inc. $HWM

Key Points

• Corient IA LLC invested approximately $2.08 million in Howmet Aerospace, acquiring 16,000 shares, making it the firm's largest holding at 1.5% of its portfolio.
• Howmet Aerospace recently increased its quarterly dividend from $0.10 to $0.12 per share, indicating positive financial performance with a net margin of 18.09% and revenue growth of 9.2% year-over-year.
• Analysts have a consensus "Moderate Buy" rating for Howmet Aerospace, with target prices ranging from $145 to $215, reflecting strong optimism about the company's stock potential.

Corient IA LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,000 shares of the company's stock, valued at approximately $2,076,000. Howmet Aerospace comprises about 1.5% of Corient IA LLC's holdings, making the stock its biggest holding.

A number of other institutional investors also recently bought and sold shares of HWM. Brighton Jones LLC raised its position in Howmet Aerospace by 5.4% during the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after buying an additional 130 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Howmet Aerospace by 6.7% during the 4th quarter. Townsquare Capital LLC now owns 3,108 shares of the company's stock worth $340,000 after purchasing an additional 195 shares during the period. Mariner LLC grew its stake in shares of Howmet Aerospace by 6.7% during the 4th quarter. Mariner LLC now owns 53,817 shares of the company's stock worth $5,886,000 after purchasing an additional 3,361 shares during the period. Guggenheim Capital LLC grew its stake in shares of Howmet Aerospace by 162.2% during the 4th quarter. Guggenheim Capital LLC now owns 14,639 shares of the company's stock worth $1,601,000 after purchasing an additional 9,055 shares during the period. Finally, United Capital Financial Advisors LLC grew its stake in shares of Howmet Aerospace by 2.3% during the 4th quarter. United Capital Financial Advisors LLC now owns 9,313 shares of the company's stock worth $1,019,000 after purchasing an additional 208 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded up $0.4870 during trading on Friday, reaching $173.7370. The company had a trading volume of 1,129,932 shares, compared to its average volume of 3,020,083. The firm's 50-day simple moving average is $179.96 and its 200 day simple moving average is $154.10. Howmet Aerospace Inc. has a 1-year low of $90.71 and a 1-year high of $193.26. The firm has a market capitalization of $70.04 billion, a PE ratio of 50.80, a price-to-earnings-growth ratio of 2.23 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $1.99 billion. During the same quarter last year, the company earned $0.67 EPS. The firm'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. As a group, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the stock a "buy" rating in a research note on Monday, August 4th. Barclays reaffirmed an "overweight" rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Truist Financial raised their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, UBS Group raised their price objective on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, May 2nd. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price 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.