Goldman Sachs Group Inc. Acquires 771,271 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Goldman Sachs Group Inc. increased its stake in Howmet Aerospace by 58.3% in Q1, now owning approximately 2,094,971 shares valued at $271.78 million.
• Howmet Aerospace reported earnings of $0.91 per share for the last quarter, exceeding expectations, and posted a 9.2% increase year-over-year in revenue.
• The company recently raised its quarterly dividend to $0.12 per share, reflecting a positive change from the previous $0.10, resulting in an annualized yield of 0.3%.

Goldman Sachs Group Inc. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 58.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,094,971 shares of the company's stock after purchasing an additional 771,271 shares during the quarter. Goldman Sachs Group Inc. owned 0.52% of Howmet Aerospace worth $271,781,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HWM. JPMorgan Chase & Co. boosted its position in Howmet Aerospace by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock valued at $3,171,970,000 after buying an additional 4,252,401 shares in the last quarter. Nuveen LLC acquired a new stake in Howmet Aerospace in the first quarter valued at approximately $366,209,000. GAMMA Investing LLC boosted its position in Howmet Aerospace by 15,741.8% in the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after buying an additional 1,319,792 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in Howmet Aerospace in the first quarter valued at approximately $147,251,000. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $102,996,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Up 1.0%

HWM traded up $1.79 during midday trading on Friday, hitting $186.00. The company had a trading volume of 1,816,508 shares, compared to its average volume of 2,142,138. Howmet Aerospace Inc. has a 52 week low of $92.77 and a 52 week high of $193.26. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $74.98 billion, a price-to-earnings ratio of 54.39, a PEG ratio of 2.38 and a beta of 1.45. The stock's 50 day moving average price is $180.31 and its 200 day moving average price is $159.21.

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, beating the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same period in the previous year, the firm posted $0.67 earnings per share. The business's revenue 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 anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders 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 is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace's payout ratio is presently 14.04%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Truist Financial lifted their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus price target of $172.13.

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.