Gamco Investors INC. ET AL Has $7.77 Million Stake in Howmet Aerospace Inc. $HWM

Key Points

• Gamco Investors INC. ET AL has reduced its stake in Howmet Aerospace Inc. by 11.1%, owning 59,880 shares valued at approximately $7.77 million after selling 7,464 shares in the first quarter.
• Analysts have increased price targets significantly for Howmet Aerospace, with Bank of America raising its target from $185 to $215, reflecting positive outlooks from multiple investment firms.
• Howmet Aerospace declared a quarterly dividend of $0.12 per share, a rise from the previous $0.10, highlighting the company's continued commitment to returning value to shareholders.

Gamco Investors INC. ET AL cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,880 shares of the company's stock after selling 7,464 shares during the quarter. Gamco Investors INC. ET AL's holdings in Howmet Aerospace were worth $7,768,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in Howmet Aerospace by 10.1% during the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company's stock valued at $145,000 after purchasing an additional 102 shares in the last quarter. PFG Advisors boosted its holdings in Howmet Aerospace by 37.9% during the first quarter. PFG Advisors now owns 9,593 shares of the company's stock valued at $1,245,000 after purchasing an additional 2,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Howmet Aerospace by 233.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock valued at $18,277,000 after purchasing an additional 98,642 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Howmet Aerospace by 126.1% during the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock valued at $3,140,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in Howmet Aerospace by 65.4% during the first quarter. Private Trust Co. NA now owns 673 shares of the company's stock valued at $87,000 after purchasing an additional 266 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on HWM shares. Barclays reissued an "overweight" rating and issued a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Susquehanna upped their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Finally, Truist Financial upped their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Trading Down 1.1%

Shares of HWM traded down $1.98 during trading hours on Monday, reaching $174.18. The stock had a trading volume of 1,665,671 shares, compared to its average volume of 2,390,551. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 52 week low of $90.71 and a 52 week high of $193.26. The firm has a 50-day moving average of $180.29 and a 200 day moving average of $156.40. The company has a market cap of $70.22 billion, a P/E ratio of 50.93, a P/E/G ratio of 2.25 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data 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 net margin of 18.09% and a return on equity of 28.17%. The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter in the prior year, the company earned $0.67 EPS. The firm's quarterly revenue was up 9.2% on a year-over-year basis. 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, sell-side analysts expect 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 given a $0.12 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio is currently 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.