E Fund Management Co. Ltd. Sells 7,097 Shares of Howmet Aerospace Inc. $HWM

Key Points

• E Fund Management Co. Ltd. has significantly reduced its stake in Howmet Aerospace by 77.7%, leaving it with holdings valued at $265,000, following the sale of 7,097 shares in the recent quarter.
• Analysts are optimistic about Howmet Aerospace, with several firms raising their price targets, including Barclays and Bank of America, predicting an increase to between $190.00 and $215.00.
• Howmet Aerospace has increased its quarterly dividend to $0.12 per share, marking a boost from the previous dividend and indicating a 0.3% yield for investors.

E Fund Management Co. Ltd. cut its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 77.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,041 shares of the company's stock after selling 7,097 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Howmet Aerospace were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. National Pension Service grew its holdings in shares of Howmet Aerospace by 2.3% during the 1st quarter. National Pension Service now owns 582,883 shares of the company's stock valued at $75,617,000 after purchasing an additional 12,898 shares during the last quarter. LGT Fund Management Co Ltd. grew its holdings in shares of Howmet Aerospace by 3.9% during the 1st quarter. LGT Fund Management Co Ltd. now owns 3,039 shares of the company's stock valued at $394,000 after purchasing an additional 114 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Howmet Aerospace by 13.6% during the 1st quarter. Russell Investments Group Ltd. now owns 317,856 shares of the company's stock worth $41,235,000 after buying an additional 37,954 shares during the period. Resona Asset Management Co. Ltd. boosted its position in Howmet Aerospace by 6.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 119,829 shares of the company's stock worth $15,545,000 after buying an additional 7,478 shares during the period. Finally, HighTower Advisors LLC boosted its position in Howmet Aerospace by 7.2% during the 1st quarter. HighTower Advisors LLC now owns 29,971 shares of the company's stock worth $3,888,000 after buying an additional 2,008 shares during the period. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Down 0.0%

Shares of Howmet Aerospace stock traded down $0.0720 during trading on Wednesday, reaching $171.8280. 2,762,841 shares of the company traded hands, compared to its average volume of 2,833,245. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a 1-year low of $90.71 and a 1-year high of $193.26. The company has a 50 day moving average price of $179.92 and a 200-day moving average price of $153.78. The firm has a market capitalization of $69.27 billion, a PE ratio of 50.24, a P/E/G ratio of 2.22 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its 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 company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company earned $0.67 EPS. Howmet Aerospace's quarterly 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. As a group, equities 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 announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, August 8th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio is presently 14.04%.

Analysts Set New Price Targets

Several research firms recently commented on HWM. Truist Financial lifted their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Morgan Stanley lifted their target price 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. Susquehanna lifted their target price 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. Barclays reiterated an "overweight" rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $172.13.

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.