Howmet Aerospace Inc. $HWM Shares Acquired by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Howmet Aerospace by 44.9% during Q2, owning 204,117 shares valued at approximately $36.96 million.
• Brokerages have raised their price targets for Howmet Aerospace, with JPMorgan Chase and Barclays setting new targets of $190, showing growing confidence in the stock's performance.
• Howmet Aerospace recently announced an increase in its quarterly dividend, raising it from $0.10 to $0.12 per share, indicating a strengthening financial position.

Wealth Enhancement Advisory Services LLC boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 44.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,117 shares of the company's stock after purchasing an additional 63,234 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.05% of Howmet Aerospace worth $36,957,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HWM. Pinpoint Asset Management Ltd boosted its position in shares of Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after purchasing an additional 71 shares in the last quarter. Hemington Wealth Management lifted its position in Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after acquiring an additional 81 shares during the period. GPS Wealth Strategies Group LLC lifted its position in Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares during the period. Rise Advisors LLC lifted its holdings in shares of 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 buying an additional 66 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Howmet Aerospace by 100.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after buying an additional 140 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Down 0.8%

Shares of Howmet Aerospace stock traded down $1.46 during trading hours on Friday, reaching $190.38. 4,620,857 shares of the company were exchanged, compared to its average volume of 2,070,371. The firm has a market cap of $76.75 billion, a PE ratio of 55.67, a PEG ratio of 2.46 and a beta of 1.45. The stock's fifty day moving average is $181.21 and its 200 day moving average is $161.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. Howmet Aerospace Inc. has a 1 year low of $96.52 and a 1 year high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.Howmet Aerospace's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company 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. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a $0.12 dividend. The ex-dividend date was Friday, August 8th. 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 yield of 0.3%. Howmet Aerospace's payout ratio is 14.04%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial lifted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Susquehanna boosted 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. JPMorgan Chase & Co. upped their price objective on 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 Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley upped their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. According to 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.