Howmet Aerospace Inc. $HWM Stock Position Lessened by Kensico Capital Management Corp

Key Points

• Kensico Capital Management Corp trimmed its stake in Howmet Aerospace by 0.6%, retaining approximately 5.34 million shares, which represents around 15.6% of its overall holdings.
• Howmet Aerospace reported Q2 earnings of $0.91 per share, surpassing analysts' expectations of $0.87, with quarterly revenue of $2.05 billion, up 9.2% year-over-year.
• The company has increased its quarterly dividend from $0.10 to $0.12 per share, which results in an annual dividend of $0.48 with a yield of 0.3%.

Kensico Capital Management Corp decreased its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 0.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,340,800 shares of the company's stock after selling 34,500 shares during the quarter. Howmet Aerospace accounts for about 15.6% of Kensico Capital Management Corp's investment portfolio, making the stock its 2nd largest holding. Kensico Capital Management Corp owned 1.32% of Howmet Aerospace worth $692,862,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWM. Gotham Asset Management LLC raised its stake in shares of Howmet Aerospace by 29.1% in the 1st quarter. Gotham Asset Management LLC now owns 198,942 shares of the company's stock valued at $25,809,000 after acquiring an additional 44,801 shares in the last quarter. Cinctive Capital Management LP raised its stake in shares of Howmet Aerospace by 64.4% in the 1st quarter. Cinctive Capital Management LP now owns 8,221 shares of the company's stock valued at $1,067,000 after acquiring an additional 3,221 shares in the last quarter. Banque Transatlantique SA raised its stake in shares of Howmet Aerospace by 174.6% in the 1st quarter. Banque Transatlantique SA now owns 106,809 shares of the company's stock valued at $12,805,000 after acquiring an additional 67,907 shares in the last quarter. Dark Forest Capital Management LP raised its stake in shares of Howmet Aerospace by 725.1% in the 1st quarter. Dark Forest Capital Management LP now owns 33,787 shares of the company's stock valued at $4,383,000 after acquiring an additional 29,692 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its stake in shares of Howmet Aerospace by 64.2% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 5,021 shares of the company's stock valued at $651,000 after acquiring an additional 1,963 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HWM has been the topic of several recent analyst reports. Truist Financial lifted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Susquehanna increased their target price on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Morgan Stanley raised their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Zacks Research raised Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Finally, Wall Street Zen upgraded Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Price Performance

Shares of HWM traded down $0.47 during midday trading on Tuesday, hitting $178.96. The company's stock had a trading volume of 1,399,617 shares, compared to its average volume of 2,971,806. The stock has a market capitalization of $72.14 billion, a price-to-earnings ratio of 52.33, a price-to-earnings-growth ratio of 2.31 and a beta of 1.45. Howmet Aerospace Inc. has a one year low of $91.03 and a one year high of $193.26. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The company's fifty day simple moving average is $179.92 and its two-hundred day simple moving average is $158.13.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The business's revenue 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. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.04%.

Howmet Aerospace 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.