Ieq Capital LLC Purchases 4,616 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Ieq Capital LLC has increased its stake in Howmet Aerospace Inc. by 7.8%, bringing its total holding to 63,553 shares valued at approximately $8.25 million.
• Analysts are optimistic about Howmet Aerospace, with numerous brokerages adjusting their price targets upwards, including Morgan Stanley raising its target from $170 to $210 and Zacks upgrading the stock to a strong-buy rating.
• Howmet Aerospace recently declared a quarterly dividend of $0.12 per share, representing an increase from its previous dividend of $0.10, with a current annualized yield of 0.3%.

Ieq Capital LLC raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 63,553 shares of the company's stock after acquiring an additional 4,616 shares during the quarter. Ieq Capital LLC's holdings in Howmet Aerospace were worth $8,245,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HWM. Brighton Jones LLC boosted its stake in shares of Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after purchasing an additional 130 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Howmet Aerospace by 36.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 3,688 shares of the company's stock worth $403,000 after buying an additional 983 shares during the last quarter. Lido Advisors LLC bought a new position in shares of Howmet Aerospace during the fourth quarter valued at about $220,000. Voleon Capital Management LP bought a new position in shares of Howmet Aerospace during the fourth quarter valued at about $255,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Howmet Aerospace during the fourth quarter valued at about $30,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Stock Performance

HWM traded down $0.71 during midday trading on Tuesday, hitting $173.39. 1,083,505 shares of the company traded hands, compared to its average volume of 3,000,440. 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 firm has a market capitalization of $69.90 billion, a PE ratio of 50.75, a price-to-earnings-growth ratio of 2.25 and a beta of 1.45. The company's 50-day moving average is $180.26 and its 200 day moving average is $156.69. Howmet Aerospace Inc. has a 52 week low of $90.71 and a 52 week 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business'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 business earned $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. On average, research analysts expect 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. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date was Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.04%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HWM. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Truist Financial boosted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Wall Street Zen upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Morgan Stanley lifted their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus price target 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.