Howmet Aerospace Inc. $HWM Shares Sold by WealthTrust Axiom LLC

Key Points

• WealthTrust Axiom LLC has reduced its holdings in Howmet Aerospace Inc. by 20.1% during the first quarter, now owning 36,797 shares valued at approximately $4.77 million.
• Various institutional investors have adjusted their positions, with Kayne Anderson Rudnick Investment Management LLC increasing its stake by 3,921.4%, now holding 1,689 shares worth $219,000.
• Howmet Aerospace's recent quarterly results beat analyst expectations, with earnings per share reported at $0.91 and a revenue of $2.05 billion, reflecting a 9.2% year-over-year increase.

WealthTrust Axiom LLC lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 20.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,797 shares of the company's stock after selling 9,265 shares during the period. Howmet Aerospace comprises 1.5% of WealthTrust Axiom LLC's holdings, making the stock its 18th biggest holding. WealthTrust Axiom LLC's holdings in Howmet Aerospace were worth $4,774,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Howmet Aerospace by 3,921.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,689 shares of the company's stock worth $219,000 after acquiring an additional 1,647 shares in the last quarter. Comerica Bank lifted its stake in Howmet Aerospace by 87.3% in the first quarter. Comerica Bank now owns 132,227 shares of the company's stock valued at $17,154,000 after acquiring an additional 61,624 shares during the last quarter. ICONIQ Capital LLC acquired a new stake in Howmet Aerospace in the first quarter valued at approximately $312,000. Quantitative Investment Management LLC lifted its stake in Howmet Aerospace by 60.3% in the first quarter. Quantitative Investment Management LLC now owns 14,797 shares of the company's stock valued at $1,919,000 after acquiring an additional 5,567 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Howmet Aerospace by 44.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,327 shares of the company's stock valued at $432,000 after acquiring an additional 1,022 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $170.7960 on Monday. The company has a market capitalization of $68.85 billion, a price-to-earnings ratio of 49.94, a P/E/G ratio of 2.21 and a beta of 1.48. The firm's 50 day simple moving average is $179.96 and its 200 day simple moving average is $154.78. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a fifty-two week low of $90.71 and a fifty-two week high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results 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 business 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%. Howmet Aerospace's revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last 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. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a $0.12 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio is 14.04%.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Truist Financial boosted their price target 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. BTIG Research set a $205.00 price target on shares of Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. JPMorgan Chase & Co. upped their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Bank of America increased their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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.

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