ICONIQ Capital LLC Invests $312,000 in Howmet Aerospace Inc. $HWM

Key Points

• ICONIQ Capital LLC has invested approximately $312,000 in Howmet Aerospace Inc. by purchasing 2,405 shares during the first quarter.
• Top analysts have expressed positive sentiments, with Morgan Stanley raising their target price for Howmet Aerospace from $170.00 to $210.00, and several firms issuing "buy" ratings.
• Howmet Aerospace recently increased its dividend from $0.10 to $0.12 per share, marking a positive change for stockholders.

ICONIQ Capital LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,405 shares of the company's stock, valued at approximately $312,000.

Several other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $30,000. Pinpoint Asset Management Ltd increased its position in shares of Howmet Aerospace by 42.8% during 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 in the last quarter. Hemington Wealth Management raised its stake in Howmet Aerospace by 46.6% in the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after purchasing an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings in Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after purchasing an additional 141 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Howmet Aerospace by 100.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after purchasing an additional 140 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HWM shares. Morgan Stanley increased their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Wells Fargo & Company increased their price objective on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. UBS Group upped their price target on Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Stock Up 0.1%

NYSE:HWM opened at $171.25 on Tuesday. 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 stock's fifty day moving average is $179.95 and its two-hundred day moving average is $155.08. Howmet Aerospace Inc. has a 52 week low of $90.71 and a 52 week high of $193.26. The stock has a market capitalization of $69.04 billion, a price-to-earnings ratio of 50.07, a price-to-earnings-growth ratio of 2.21 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.99 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The company's quarterly revenue was up 9.2% compared to the same quarter last year. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace's payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.