Mirae Asset Global Investments Co. Ltd. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 31.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 82,376 shares of the company's stock after acquiring an additional 19,525 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Howmet Aerospace were worth $15,333,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Howmet Aerospace by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock worth $6,202,814,000 after buying an additional 695,953 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Howmet Aerospace by 21.1% during the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock worth $3,171,970,000 after buying an additional 4,252,401 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Howmet Aerospace by 8.3% during the 1st quarter. Invesco Ltd. now owns 7,315,238 shares of the company's stock worth $949,006,000 after buying an additional 563,109 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Howmet Aerospace by 1.3% during the 1st quarter. Northern Trust Corp now owns 3,722,871 shares of the company's stock worth $482,968,000 after buying an additional 45,963 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Howmet Aerospace by 6.1% during the 1st quarter. Ameriprise Financial Inc. now owns 3,589,432 shares of the company's stock worth $465,666,000 after buying an additional 206,397 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Howmet Aerospace Stock Down 0.9%
Shares of Howmet Aerospace stock opened at $189.41 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average price of $182.33 and a 200 day moving average price of $165.97. The stock has a market cap of $76.36 billion, a price-to-earnings ratio of 55.38, a price-to-earnings-growth ratio of 2.45 and a beta of 1.45. Howmet Aerospace Inc. has a twelve month low of $98.83 and a twelve month high of $198.48.
Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $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. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.
Howmet Aerospace Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, November 7th. Howmet Aerospace's dividend payout ratio is presently 14.04%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of Howmet Aerospace in a report on Saturday, September 27th. Truist Financial upped their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Finally, Zacks Research cut shares of Howmet Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Fourteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus price target of $175.50.
Read Our Latest Stock Report on Howmet Aerospace
About Howmet Aerospace
(
Free Report)
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.
See Also
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