Howmet Aerospace Inc. $HWM Shares Bought by New York State Teachers Retirement System

Key Points

• The New York State Teachers Retirement System increased its stake in Howmet Aerospace Inc. by 4.5%, owning approximately 329,702 shares valued at $61.37 million.
• Howmet Aerospace reported $0.91 earnings per share (EPS) for Q2 2023, exceeding the consensus estimate of $0.87, alongside revenue of $2.05 billion, a year-over-year increase of 9.2%.
• The company has announced a quarterly dividend of $0.12 per share, with the payout expected on November 25, contributing to an annualized yield of 0.3%.

New York State Teachers Retirement System raised its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 329,702 shares of the company's stock after acquiring an additional 14,117 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Howmet Aerospace worth $61,367,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Howmet Aerospace by 4.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company's stock valued at $278,000 after acquiring an additional 61 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Howmet Aerospace by 3.1% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company's stock valued at $390,000 after acquiring an additional 62 shares during the last quarter. Rise Advisors LLC raised its holdings in Howmet Aerospace by 32.4% in 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 during the last quarter. Hemington Wealth Management raised its holdings in Howmet Aerospace by 25.9% in the 2nd quarter. Hemington Wealth Management now owns 321 shares of the company's stock valued at $59,000 after acquiring an additional 66 shares during the last quarter. Finally, Pinpoint Asset Management Ltd grew 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 purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Price Performance

HWM opened at $191.66 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 52-week low of $98.83 and a 52-week high of $198.48. The company has a 50 day moving average of $183.43 and a two-hundred day moving average of $169.31. The company has a market cap of $77.26 billion, a P/E ratio of 56.04, a P/E/G ratio of 2.49 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 company 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 earned $0.67 earnings per share. Howmet Aerospace's revenue for the quarter was up 9.2% on a year-over-year basis. 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, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, November 7th. Howmet Aerospace's payout ratio is currently 14.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. 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. 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 boosted their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $178.00.

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.

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