Howmet Aerospace Inc. $HWM Shares Sold by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC has decreased its position in Howmet Aerospace by 15.5%, owning approximately 1.53 million shares after selling around 280,000 shares during the first quarter.
• Despite the selloff by AQR, other institutional investors increased their stakes, with notable increases of 42.8% and 114.6% from Pinpoint Asset Management and GPS Wealth Strategies, respectively.
• Howmet Aerospace recently raised its quarterly dividend to $0.12 per share, up from $0.10, reflecting a dividend yield of 0.3% and a low payout ratio of 14.04%.

AQR Capital Management LLC trimmed its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,529,779 shares of the company's stock after selling 279,968 shares during the quarter. AQR Capital Management LLC owned 0.38% of Howmet Aerospace worth $193,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pinpoint Asset Management Ltd grew its position in Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Hemington Wealth Management grew its position in Howmet Aerospace by 46.6% in the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after acquiring an additional 81 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its position in Howmet Aerospace by 100.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after acquiring an additional 140 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Howmet Aerospace in the 1st quarter valued at about $37,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HWM. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Susquehanna lifted their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Finally, Morgan Stanley lifted their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. One investment 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's stock. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Stock Performance

HWM traded down $1.09 during trading on Tuesday, hitting $178.34. 563,443 shares of the stock were exchanged, compared to its average volume of 2,966,715. The firm has a market capitalization of $71.89 billion, a P/E ratio of 52.15, a PEG ratio of 2.31 and a beta of 1.45. Howmet Aerospace Inc. has a 1-year low of $91.03 and a 1-year high of $193.26. The stock has a fifty day moving average price of $179.92 and a two-hundred day moving average price of $158.13. 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 released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate 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%.The firm's revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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