Driehaus Capital Management LLC Has $24.46 Million Stock Holdings in Howmet Aerospace Inc. $HWM

Key Points

• Driehaus Capital Management LLC increased its stake in Howmet Aerospace by 42.5%, acquiring an additional 56,237 shares during the first quarter, bringing total holdings to 188,567 shares valued at $24.46 million.
• Howmet Aerospace's quarterly earnings exceeded expectations, reporting $0.91 earnings per share against a consensus estimate of $0.87, with revenues also surpassing forecasts at $2.05 billion.
• The company declared a recent quarterly dividend of $0.12 per share, a notable increase from the previous $0.10, reflecting a dividend yield of 0.3%.

Driehaus Capital Management LLC raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 42.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,567 shares of the company's stock after buying an additional 56,237 shares during the quarter. Driehaus Capital Management LLC's holdings in Howmet Aerospace were worth $24,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Pinpoint Asset Management Ltd raised its position 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 purchasing an additional 71 shares during the period. Hemington Wealth Management increased its holdings in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after buying an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after buying an additional 141 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace during the fourth quarter worth $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its holdings in Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after buying an additional 140 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded up $5.50 during trading on Thursday, reaching $179.99. 829,735 shares of the company's stock were exchanged, compared to its average volume of 2,984,975. 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 Inc. has a 1-year low of $90.71 and a 1-year high of $193.26. The company has a market cap of $72.56 billion, a P/E ratio of 52.73, a PEG ratio of 2.25 and a beta of 1.45. The firm's 50-day moving average price is $180.15 and its 200 day moving average price is $156.92.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results 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 return on equity of 28.17% and a net margin of 18.09%.The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. Howmet Aerospace's revenue was up 9.2% on a year-over-year basis. 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, research 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 announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 8th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's payout ratio is currently 14.04%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays reiterated an "overweight" rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Truist Financial lifted their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Bank of America lifted their target price on Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Morgan Stanley lifted their target price on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Finally, Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average 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.