Fox Run Management L.L.C. Acquires 6,911 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Fox Run Management L.L.C. significantly increased its stake in Howmet Aerospace Inc. by 340.6%, owning 8,940 shares valued at approximately $1.16 million.
• Howmet Aerospace reported a quarterly earnings EPS of $0.91, surpassing estimates and marking a 9.2% year-over-year revenue growth at $2.05 billion.
• The company announced an increase to its dividend, now at $0.12 per share, reflecting a commitment to returning value to shareholders with a dividend yield of 0.3%.

Fox Run Management L.L.C. raised its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 340.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,940 shares of the company's stock after buying an additional 6,911 shares during the quarter. Fox Run Management L.L.C.'s holdings in Howmet Aerospace were worth $1,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Howmet Aerospace by 1.5% in the first quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock valued at $6,202,814,000 after acquiring an additional 695,953 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 21.1% in the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock worth $3,171,970,000 after purchasing an additional 4,252,401 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Howmet Aerospace by 0.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock valued at $1,445,210,000 after purchasing an additional 80,972 shares during the period. Janus Henderson Group PLC grew its position in shares of Howmet Aerospace by 10.3% during the 4th quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after purchasing an additional 1,026,130 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Howmet Aerospace by 8.3% during the 1st quarter. Invesco Ltd. now owns 7,315,238 shares of the company's stock worth $949,006,000 after purchasing an additional 563,109 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded down $0.0720 during midday trading on Wednesday, hitting $171.8280. 2,762,841 shares of the company traded hands, compared to its average volume of 2,833,245. The firm's fifty day moving average price is $179.92 and its 200-day moving average price is $153.78. The stock has a market cap of $69.27 billion, a price-to-earnings ratio of 50.24, a PEG ratio of 2.22 and a beta of 1.48. Howmet Aerospace Inc. has a 12 month low of $90.71 and a 12 month 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.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its 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 firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last 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. 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 disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio is presently 14.04%.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of analyst reports. Truist Financial increased 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. Wall Street Zen upgraded Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a research 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, Susquehanna upped their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average target price of $172.13.

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.