Freedom Investment Management Inc. Sells 2,133 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Freedom Investment Management Inc. decreased its holdings in Howmet Aerospace by 23.8%, now owning 6,826 shares valued at approximately $886,000 following the sale of 2,133 shares.
• Several hedge funds, including Brighton Jones LLC and Integrated Wealth Concepts LLC, have increased their stakes in Howmet Aerospace during the last quarter, indicating strong institutional interest.
• Howmet Aerospace recently increased its quarterly dividend from $0.10 to $0.12 per share, with a dividend yield of 0.3% and a payout ratio of 14.04%.

Freedom Investment Management Inc. lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 23.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,826 shares of the company's stock after selling 2,133 shares during the period. Freedom Investment Management Inc.'s holdings in Howmet Aerospace were worth $886,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Pinpoint Asset Management Ltd grew its stake in Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after buying an additional 71 shares during the last quarter. Hemington Wealth Management grew its stake in Howmet Aerospace by 46.6% in the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after buying an additional 81 shares during the last quarter. CVA Family Office LLC grew its position in Howmet Aerospace by 15.7% in the 1st quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after purchasing an additional 82 shares during the last quarter. Mount Lucas Management LP grew its position in Howmet Aerospace by 3.2% in the 1st quarter. Mount Lucas Management LP now owns 2,661 shares of the company's stock worth $345,000 after purchasing an additional 82 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Howmet Aerospace by 4.9% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after purchasing an additional 92 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays restated an "overweight" rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Wells Fargo & Company raised their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Monday. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Finally, UBS Group raised their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Price Performance

HWM traded down $1.98 during trading on Friday, hitting $174.18. The company's stock had a trading volume of 1,665,671 shares, compared to its average volume of 3,012,399. 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 $70.22 billion, a price-to-earnings ratio of 50.93, a price-to-earnings-growth ratio of 2.27 and a beta of 1.48. The firm's 50 day moving average price is $180.27 and its two-hundred day moving average price is $155.70. Howmet Aerospace Inc. has a 12 month low of $90.71 and a 12 month high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion during 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%. Howmet Aerospace's revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.67 EPS. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. 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 company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a dividend of $0.12 per share. 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%. The ex-dividend date was Friday, August 8th. 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.