Howmet Aerospace Inc. $HWM Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 19.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 465,593 shares of the company's stock after purchasing an additional 76,978 shares during the period. Assenagon Asset Management S.A. owned approximately 0.12% of Howmet Aerospace worth $86,661,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Pinpoint Asset Management Ltd boosted its stake in shares of 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 stake 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 during the last quarter. GPS Wealth Strategies Group LLC grew 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 acquiring an additional 141 shares during the last quarter. Rise Advisors LLC increased its holdings in Howmet Aerospace by 32.4% during the 1st quarter. Rise Advisors LLC now owns 270 shares of the company's stock valued at $35,000 after acquiring an additional 66 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position 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 acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

HWM opened at $190.38 on Friday. The company has a market capitalization of $76.75 billion, a P/E ratio of 55.67, a PEG ratio of 2.46 and a beta of 1.45. The company has a 50-day moving average of $181.21 and a 200-day moving average of $161.39. 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 Inc. has a 1-year low of $96.52 and a 1-year high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted 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 return on equity of 28.17% and a net margin of 18.09%.The company'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 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. Equities analysts expect 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. The ex-dividend date of this dividend was Friday, August 8th. 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. Howmet Aerospace's dividend payout ratio is currently 14.04%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HWM. Truist Financial upped their target price on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Susquehanna boosted their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Zacks Research raised shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Wall Street Zen upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Barclays reissued an "overweight" rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $172.13.

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.

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