Raymond James Financial Inc. Purchases 203,992 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Raymond James Financial Inc. has increased its position in Howmet Aerospace by 36.1%, now owning approximately 0.19% of the company's shares, valued at $99.7 million.
• Howmet Aerospace has seen strong analyst support, with various firms raising their price targets and giving it a "buy" rating, leading to an average target of $172.13.
• The company recently announced an increase in its quarterly dividend to $0.12 per share, representing a yield of 0.3%, effective August 25th.

Raymond James Financial Inc. boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 36.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 768,502 shares of the company's stock after purchasing an additional 203,992 shares during the quarter. Raymond James Financial Inc. owned about 0.19% of Howmet Aerospace worth $99,698,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda bought a new position in Howmet Aerospace during the 4th quarter valued at about $30,000. Pinpoint Asset Management Ltd raised 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 valued at $31,000 after purchasing an additional 71 shares during the last quarter. Hemington Wealth Management raised its holdings in shares of Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after purchasing an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of Howmet Aerospace by 114.6% during the first 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 during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after purchasing an additional 140 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Howmet Aerospace stock traded down $2.4540 during midday trading on Friday, hitting $170.7960. The stock had a trading volume of 2,995,686 shares, compared to its average volume of 2,800,806. The firm's fifty day moving average is $179.96 and its two-hundred day moving average is $154.41. The company has a market capitalization of $68.85 billion, a PE ratio of 49.94, a P/E/G ratio of 2.24 and a beta of 1.48. Howmet Aerospace Inc. has a 52-week low of $90.71 and a 52-week high of $193.26. 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 posted 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. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the prior year, the company posted $0.67 EPS. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. 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 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 $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio is currently 14.04%.

Wall Street Analyst Weigh In

HWM has been the subject of several research reports. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Bank of America raised their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. 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. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the stock a "buy" rating in a report on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.