Hawk Ridge Capital Management LP Sells 25,300 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Hawk Ridge Capital Management LP has reduced its stake in Howmet Aerospace Inc. by 6.8%, selling 25,300 shares and retaining 346,643 shares, which now represent 2.1% of its investment portfolio.
• Howmet Aerospace reported $0.91 earnings per share for the last quarter, surpassing the expected $0.87, with a 9.2% year-over-year revenue increase.
• The company recently increased its quarterly dividend to $0.12 per share, resulting in an annualized dividend yield of 0.3%, up from the previous $0.10.

Hawk Ridge Capital Management LP reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 346,643 shares of the company's stock after selling 25,300 shares during the period. Howmet Aerospace accounts for approximately 2.1% of Hawk Ridge Capital Management LP's portfolio, making the stock its 22nd largest position. Hawk Ridge Capital Management LP owned 0.09% of Howmet Aerospace worth $44,970,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pinpoint Asset Management Ltd boosted its holdings in shares of Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after purchasing an additional 71 shares during the period. Hemington Wealth Management lifted its holdings in 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 buying an additional 81 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in 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 buying an additional 141 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in 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 buying an additional 140 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Howmet Aerospace in the first quarter worth about $37,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HWM has been the subject of several research analyst reports. Morgan Stanley raised their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Barclays restated an "overweight" rating and issued a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Susquehanna raised their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Stock Up 0.6%

Shares of NYSE HWM traded up $1.12 on Monday, reaching $179.32. 1,771,028 shares of the company's stock traded hands, compared to its average volume of 2,981,048. Howmet Aerospace Inc. has a 12 month low of $91.03 and a 12 month high of $193.26. The business's 50 day simple moving average is $180.06 and its two-hundred day simple moving average is $157.78. The company has a market cap of $72.29 billion, a price-to-earnings ratio of 52.43, a price-to-earnings-growth ratio of 2.31 and a beta of 1.45. 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 announced its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates 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 revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last 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. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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