Howmet Aerospace Inc. $HWM Shares Acquired by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in Howmet Aerospace Inc. by 29.1% in the first quarter, now owning 198,942 shares worth approximately $25.8 million.
• Analysts have recently upgraded Howmet Aerospace, with Truist Financial raising its price target from $161 to $192 and Zacks Research moving from a "hold" to a "strong-buy" rating.
• Howmet Aerospace declared a quarterly dividend of $0.12 per share, up from $0.10, reflecting a 0.3% dividend yield.

Gotham Asset Management LLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 29.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,942 shares of the company's stock after acquiring an additional 44,801 shares during the period. Gotham Asset Management LLC's holdings in Howmet Aerospace were worth $25,809,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pinpoint Asset Management Ltd boosted its position in shares of Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after acquiring an additional 71 shares during the last quarter. Hemington Wealth Management boosted its position in shares of Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after acquiring an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Howmet Aerospace by 100.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after acquiring an additional 140 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Howmet Aerospace in the first quarter worth approximately $37,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Stock Down 0.3%

Shares of HWM traded down $0.47 during mid-day trading on Tuesday, reaching $178.96. 1,399,617 shares of the stock traded hands, compared to its average volume of 2,971,806. The firm has a market cap of $72.14 billion, a price-to-earnings ratio of 52.33, a P/E/G ratio of 2.31 and a beta of 1.45. The stock has a fifty day simple moving average of $179.92 and a 200 day simple moving average of $158.13. Howmet Aerospace Inc. has a 12-month low of $91.03 and a 12-month high of $193.26. 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 (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 net margin of 18.09% and a return on equity of 28.17%. The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $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. Sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid 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 dividend yield of 0.3%. The ex-dividend date was Friday, August 8th. Howmet Aerospace's payout ratio is 14.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. BTIG Research set a $205.00 price target on shares of Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. Morgan Stanley raised their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Finally, Bank of America raised their price target on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average target price of $172.13.

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.