Howmet Aerospace Inc. $HWM Shares Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has increased its stake in Howmet Aerospace by 7.1%, now owning 857,554 shares valued at approximately $110.99 million, indicating strong institutional interest in the company.
• Analysts are optimistic about Howmet Aerospace's future; several firms have raised their target prices for the stock, with Bank of America increasing it from $185.00 to $215.00, reflecting a robust growth outlook.
• Howmet Aerospace has declared a quarterly dividend of $0.12 per share, up from the previous $0.10, showcasing its commitment to returning value to shareholders.

Hsbc Holdings PLC increased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 857,554 shares of the company's stock after purchasing an additional 56,903 shares during the quarter. Hsbc Holdings PLC owned 0.21% of Howmet Aerospace worth $110,985,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd increased its holdings in Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after buying an additional 71 shares in the last quarter. Hemington Wealth Management grew its holdings in shares of Howmet Aerospace by 46.6% in the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after acquiring an additional 81 shares during the period. GPS Wealth Strategies Group LLC increased its stake 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 purchasing an additional 141 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace during the fourth quarter worth $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Bank of America upped their target price on Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Wells Fargo & Company lifted their target price on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Vertical Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Finally, Barclays reissued an "overweight" rating and set a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $172.13.

Howmet Aerospace Price Performance

NYSE:HWM opened at $171.8280 on Thursday. Howmet Aerospace Inc. has a 12-month low of $90.71 and a 12-month high of $193.26. The firm has a market cap of $69.27 billion, a price-to-earnings ratio of 50.24, a price-to-earnings-growth ratio of 2.22 and a beta of 1.48. The company's 50-day moving average is $179.92 and its two-hundred day moving average is $153.78. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping 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 company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous 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. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. This is a boost 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.

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