Cinctive Capital Management LP Grows Holdings in Howmet Aerospace Inc. $HWM

Key Points

• Cinctive Capital Management LP increased its stake in Howmet Aerospace Inc. by 64.4% in the first quarter, owning 8,221 shares valued at over $1 million.
• Howmet Aerospace reported a net margin of 18.09% and a year-over-year revenue increase of 9.2%, with earnings per share exceeding analyst expectations.
• The company announced a quarterly dividend increase from $0.10 to $0.12 per share, signaling confidence in its financial standing and growth prospects.

Cinctive Capital Management LP raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 64.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 8,221 shares of the company's stock after purchasing an additional 3,221 shares during the period. Cinctive Capital Management LP's holdings in Howmet Aerospace were worth $1,067,000 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 HWM. Banque Transatlantique SA lifted its holdings in Howmet Aerospace by 174.6% during the first quarter. Banque Transatlantique SA now owns 106,809 shares of the company's stock worth $12,805,000 after buying an additional 67,907 shares during the period. Dark Forest Capital Management LP raised its position in shares of Howmet Aerospace by 725.1% in the 1st quarter. Dark Forest Capital Management LP now owns 33,787 shares of the company's stock worth $4,383,000 after acquiring an additional 29,692 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in shares of Howmet Aerospace by 64.2% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 5,021 shares of the company's stock worth $651,000 after purchasing an additional 1,963 shares during the last quarter. Flputnam Investment Management Co. purchased a new stake in shares of Howmet Aerospace during the 1st quarter worth $211,000. Finally, Retirement Planning Co of New England Inc. bought a new stake in Howmet Aerospace during the first quarter valued at about $259,000. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Susquehanna boosted their target price 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. Morgan Stanley lifted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Bank of America raised their target price on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One investment 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock traded down $0.47 during trading on Tuesday, hitting $178.96. 1,399,613 shares of the company's stock were exchanged, compared to its average volume of 2,971,806. The stock has a market capitalization of $72.14 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 2.31 and a beta of 1.45. The business has a 50-day simple moving average of $179.92 and a 200-day simple moving average of $158.13. Howmet Aerospace Inc. has a 52-week low of $91.03 and a 52-week high of $193.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share 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 the consensus estimate 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 for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.67 EPS. 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, research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

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

About Howmet Aerospace

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.