Gabelli Funds LLC Decreases Holdings in Howmet Aerospace Inc. $HWM

Key Points

• Gabelli Funds LLC reduced its stake in Howmet Aerospace by 2.0%, selling 1,700 shares, with holdings valued at $10.83 million after the transaction.
• Multiple institutional investors increased their positions significantly, with Kayne Anderson Rudnick raising theirs by 3,921.4% and Comerica Bank by 87.3%.
• Analysts remain optimistic about Howmet Aerospace, with several price target increases, including Bank of America's revision to $215.00 and Morgan Stanley's to $210.00.

Gabelli Funds LLC cut its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,516 shares of the company's stock after selling 1,700 shares during the period. Gabelli Funds LLC's holdings in Howmet Aerospace were worth $10,835,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HWM. JPMorgan Chase & Co. boosted its holdings in Howmet Aerospace by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock valued at $3,171,970,000 after acquiring an additional 4,252,401 shares during the last quarter. Nuveen LLC bought a new stake in Howmet Aerospace in the first quarter valued at approximately $366,209,000. GAMMA Investing LLC boosted its holdings in shares of Howmet Aerospace by 15,741.8% during the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after buying an additional 1,319,792 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in shares of Howmet Aerospace during the 1st quarter worth approximately $147,251,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after buying an additional 1,026,130 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial increased their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Susquehanna increased their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Finally, BTIG Research set a $205.00 price target on Howmet Aerospace and gave the stock a "buy" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.13.

Howmet Aerospace Stock Down 1.1%

Shares of NYSE:HWM traded down $1.98 during trading on Monday, reaching $174.18. 1,665,671 shares of the stock were exchanged, compared to its average volume of 2,390,551. 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 stock has a fifty day moving average of $180.29 and a two-hundred day moving average of $156.40. The firm has a market cap of $70.22 billion, a price-to-earnings ratio of 50.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.Howmet Aerospace's revenue for the quarter was up 9.2% on a year-over-year basis. 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. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 8th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's payout ratio is currently 14.04%.

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.