Adage Capital Partners GP L.L.C. Lowers Stake in Howmet Aerospace Inc. $HWM

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Howmet Aerospace by 2.6%, now holding 369,600 shares valued at approximately $47.9 million.
• Several institutional investors boosted their holdings in Howmet Aerospace during the same period, with GPS Wealth Strategies Group LLC increasing their stake by 114.6%.
• Howmet Aerospace reported a Q2 earnings per share of $0.91, beating analyst expectations, and recently increased its quarterly dividend to $0.12 per share.

Adage Capital Partners GP L.L.C. reduced its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 369,600 shares of the company's stock after selling 10,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.09% of Howmet Aerospace worth $47,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HWM. Pinpoint Asset Management Ltd grew its holdings 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 worth $31,000 after purchasing an additional 71 shares during the last quarter. Hemington Wealth Management increased its stake in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after purchasing an additional 81 shares during the period. CVA Family Office LLC boosted its holdings in Howmet Aerospace by 15.7% in the first quarter. CVA Family Office LLC now owns 605 shares of the company's stock valued at $78,000 after purchasing an additional 82 shares in the last quarter. Mount Lucas Management LP lifted its holdings in shares of Howmet Aerospace by 3.2% during the first quarter. Mount Lucas Management LP now owns 2,661 shares of the company's stock worth $345,000 after purchasing an additional 82 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in Howmet Aerospace by 4.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,971 shares of the company's stock worth $256,000 after acquiring an additional 92 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 0.6%

Shares of HWM traded up $1.12 during mid-day trading on Monday, reaching $179.32. The company had a trading volume of 1,769,891 shares, compared to its average volume of 2,977,906. The company has a market capitalization of $72.29 billion, a price-to-earnings ratio of 52.43, a price-to-earnings-growth ratio of 2.31 and a beta of 1.45. Howmet Aerospace Inc. has a 52 week low of $91.03 and a 52 week high of $193.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The firm has a 50-day moving average price of $180.06 and a 200 day moving average price of $157.78.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $2.05 billion for 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 quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business 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 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid a dividend of $0.12 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, August 8th. Howmet Aerospace's dividend payout ratio is presently 14.04%.

Wall Street Analysts Forecast Growth

HWM has been the topic of several analyst reports. Wall Street Zen upgraded Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Vertical Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Finally, Bank of America upped their target price on Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $172.13.

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.