Howmet Aerospace Inc. $HWM Shares Purchased by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its investment in Howmet Aerospace Inc. by 9.9%, now holding 66,963 shares worth approximately $12.46 million.
• Howmet Aerospace reported earnings of $0.91 per share for the last quarter, exceeding analyst expectations of $0.87, with revenues reaching $2.05 billion.
• The company announced a quarterly dividend of $0.12 per share, with an annual yield of 0.3%, payable on November 25th.

Janney Montgomery Scott LLC lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,963 shares of the company's stock after acquiring an additional 6,013 shares during the quarter. Janney Montgomery Scott LLC's holdings in Howmet Aerospace were worth $12,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HWM. Vanguard Group Inc. grew its position in Howmet Aerospace by 1.5% during the first quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock valued at $6,202,814,000 after buying an additional 695,953 shares during the period. JPMorgan Chase & Co. grew its position in Howmet Aerospace by 21.1% during 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 during the period. Invesco Ltd. grew its position in Howmet Aerospace by 8.3% during the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company's stock valued at $949,006,000 after buying an additional 563,109 shares during the period. Northern Trust Corp grew its position in Howmet Aerospace by 1.3% during the first quarter. Northern Trust Corp now owns 3,722,871 shares of the company's stock valued at $482,968,000 after buying an additional 45,963 shares during the period. Finally, Ameriprise Financial Inc. grew its position in Howmet Aerospace by 6.1% during the first quarter. Ameriprise Financial Inc. now owns 3,589,432 shares of the company's stock valued at $465,666,000 after buying an additional 206,397 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of several analyst reports. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Susquehanna increased their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday, July 14th. Truist Financial increased their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. JPMorgan Chase & Co. increased their price objective 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. Finally, Morgan Stanley increased their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Fourteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $175.50.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $189.41 on Friday. The company's 50-day moving average price is $182.33 and its 200-day moving average price is $165.73. 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 market cap of $76.36 billion, a P/E ratio of 55.38, a P/E/G ratio of 2.47 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 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. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the firm posted $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. On average, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be given 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 dividend payout ratio (DPR) is presently 14.04%.

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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