Diversified Trust Co Purchases 2,645 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Diversified Trust Co increased its stake in Howmet Aerospace by 13.5%, acquiring an additional 2,645 shares, bringing its total holdings to 22,297 shares valued at approximately $4.15 million.
• Analysts have significantly raised their price targets for Howmet Aerospace, with Truist Financial setting a new target of $192, and most analysts currently rating the stock as a Moderate Buy.
• Howmet Aerospace recently reported earnings per share (EPS) of $0.91 for the quarter, exceeding estimates, while also announcing an increase in its quarterly dividend to $0.12.

Diversified Trust Co raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 13.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,297 shares of the company's stock after acquiring an additional 2,645 shares during the quarter. Diversified Trust Co's holdings in Howmet Aerospace were worth $4,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Howmet Aerospace by 4.3% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company's stock valued at $278,000 after buying an additional 61 shares during the period. Rise Advisors LLC lifted its holdings in shares of Howmet Aerospace by 32.4% during the first quarter. Rise Advisors LLC now owns 270 shares of the company's stock valued at $35,000 after purchasing an additional 66 shares during the last quarter. Pinpoint Asset Management Ltd raised its holdings in shares of Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Hemington Wealth Management raised its position in shares of Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after purchasing an additional 81 shares during the period. Finally, Defined Wealth Management LLC increased its position in shares of Howmet Aerospace by 2.8% during the second quarter. Defined Wealth Management LLC now owns 2,927 shares of the company's stock valued at $545,000 after purchasing an additional 81 shares during the period. 90.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Truist Financial raised their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Barclays reaffirmed an "overweight" rating and set a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $172.13.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $190.38 on Friday. The stock has a market capitalization of $76.75 billion, a price-to-earnings ratio of 55.67, a price-to-earnings-growth ratio of 2.48 and a beta of 1.45. Howmet Aerospace Inc. has a 52 week low of $96.52 and a 52 week high of $193.26. The firm has a 50-day simple moving average of $181.21 and a 200-day simple moving average of $161.17. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates 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 was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 earnings per share. 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 predict 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. Stockholders of record on Friday, August 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. This is an increase 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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