Flputnam Investment Management Co. Makes New Investment in Howmet Aerospace Inc. $HWM

Key Points

• Flputnam Investment Management Co. has invested approximately $211,000 in Howmet Aerospace Inc., acquiring 1,629 shares during the first quarter.
• Howmet Aerospace reported a 9.2% increase in year-over-year revenue, achieving $2.05 billion for the quarter and beating earnings estimates.
• The company has increased its quarterly dividend from $0.10 to $0.12 per share, representing an annualized yield of 0.3%.

Flputnam Investment Management Co. acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,629 shares of the company's stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Howmet Aerospace by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock worth $6,202,814,000 after purchasing an additional 695,953 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 21.1% in the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock valued at $3,171,970,000 after purchasing an additional 4,252,401 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Howmet Aerospace by 10.3% in the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after purchasing an additional 1,026,130 shares during the period. Invesco Ltd. grew its holdings in Howmet Aerospace by 8.3% during the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company's stock worth $949,006,000 after acquiring an additional 563,109 shares during the period. Finally, Northern Trust Corp lifted its position in Howmet Aerospace by 1.3% during the first quarter. Northern Trust Corp now owns 3,722,871 shares of the company's stock worth $482,968,000 after buying an additional 45,963 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Susquehanna lifted their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a research note on Monday, July 14th. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. BTIG Research set a $205.00 target price on Howmet Aerospace and gave the stock a "buy" rating in a report on Monday, August 4th. Truist Financial lifted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, Bank of America lifted their price target on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Stock Performance

NYSE:HWM traded up $1.16 during trading hours on Monday, reaching $179.36. 1,002,413 shares of the stock were exchanged, compared to its average volume of 2,976,167. The firm has a 50 day simple moving average of $180.06 and a 200-day simple moving average of $157.78. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $72.30 billion, a P/E ratio of 52.54, a P/E/G ratio of 2.31 and a beta of 1.45. Howmet Aerospace Inc. has a 52 week low of $91.03 and a 52 week high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, beating 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 firm 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 posted $0.67 earnings per share. The business'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, sell-side analysts forecast 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 was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.12 dividend. The ex-dividend date was Friday, August 8th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace's dividend payout ratio is presently 14.04%.

Howmet Aerospace 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.