Envestnet Portfolio Solutions Inc. Reduces Holdings in Howmet Aerospace Inc. $HWM

Key Points

• Envestnet Portfolio Solutions Inc. reduced its holdings in Howmet Aerospace by 12.8%, owning 20,922 shares after selling 3,071 shares in the second quarter, totaling a value of approximately $3.89 million.
• Several institutional investors have increased their stakes in Howmet Aerospace, with REAP Financial Group LLC and AdvisorNet Financial Inc. boosting their holdings by significant margins of 101.9% and 2,433.3%, respectively.
• Howmet Aerospace's latest quarterly earnings beat estimates with $0.91 EPS reported against a consensus of $0.87, alongside a revenue of $2.05 billion that exceeded expectations of $1.99 billion.

Envestnet Portfolio Solutions Inc. decreased its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 12.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,922 shares of the company's stock after selling 3,071 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Howmet Aerospace were worth $3,894,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC boosted its holdings in shares of Howmet Aerospace by 101.9% in the second quarter. REAP Financial Group LLC now owns 212 shares of the company's stock worth $39,000 after buying an additional 107 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Howmet Aerospace by 2,433.3% in the second quarter. AdvisorNet Financial Inc now owns 228 shares of the company's stock worth $42,000 after buying an additional 219 shares during the last quarter. Pinpoint Asset Management Ltd boosted its holdings in shares of Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after buying an additional 71 shares during the last quarter. Hemington Wealth Management boosted its holdings in shares of Howmet Aerospace by 46.6% in 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. Finally, Rise Advisors LLC boosted its holdings in shares of Howmet Aerospace by 32.4% in the first quarter. Rise Advisors LLC now owns 270 shares of the company's stock worth $35,000 after buying an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HWM shares. Bank of America raised their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Finally, BTIG Research set a $205.00 price target on shares of Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $178.00.

Howmet Aerospace Trading Down 0.4%

Howmet Aerospace stock opened at $192.23 on Thursday. The stock has a market cap of $77.49 billion, a P/E ratio of 56.21, a PEG ratio of 2.50 and a beta of 1.45. 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 $98.83 and a 1 year high of $198.48. The firm's 50 day moving average price is $183.23 and its 200-day moving average price is $168.88.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the business 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

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.

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