Fulton Breakefield Broenniman LLC Decreases Holdings in Howmet Aerospace Inc. $HWM

Key Points

• Fulton Breakefield Broenniman LLC reduced its holdings in Howmet Aerospace Inc. by 26.4%, now owning 131,120 shares valued at approximately $24.4 million.
• Several institutional investors increased their positions in Howmet Aerospace, with REAP Financial Group LLC increasing its stake by 101.9%, now owning 212 shares.
• Analysts maintain a strong outlook on Howmet Aerospace, with an average target price of $175.50 and a majority rating it as a "Buy."

Fulton Breakefield Broenniman LLC trimmed its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 26.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 131,120 shares of the company's stock after selling 47,020 shares during the quarter. Howmet Aerospace makes up 1.6% of Fulton Breakefield Broenniman LLC's portfolio, making the stock its 19th biggest holding. Fulton Breakefield Broenniman LLC's holdings in Howmet Aerospace were worth $24,405,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HWM. Maryland State Retirement & Pension System grew its holdings in Howmet Aerospace by 2.9% during the 2nd quarter. Maryland State Retirement & Pension System now owns 19,490 shares of the company's stock valued at $3,628,000 after buying an additional 549 shares during the last quarter. Valmark Advisers Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter valued at $224,000. Abel Hall LLC acquired a new stake in shares of Howmet Aerospace during the second quarter valued at $232,000. REAP Financial Group LLC increased its position in Howmet Aerospace by 101.9% during the 2nd quarter. REAP Financial Group LLC now owns 212 shares of the company's stock worth $39,000 after purchasing an additional 107 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its stake in Howmet Aerospace by 3.1% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company's stock valued at $390,000 after purchasing an additional 62 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HWM. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the company a "buy" rating in a research report on Monday, August 4th. Barclays reiterated an "overweight" rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Morgan Stanley raised their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Truist Financial lifted their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Howmet Aerospace in a research report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $175.50.

Howmet Aerospace Price Performance

HWM stock opened at $191.59 on Thursday. The stock has a 50-day simple moving average of $182.40 and a 200-day simple moving average of $166.97. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The firm has a market cap of $77.24 billion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 2.48 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 declared 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 of this dividend is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. 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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