Howmet Aerospace Inc. $HWM Position Cut by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC significantly reduced its holdings in Howmet Aerospace by 40.8%, now owning 18,818 shares valued at approximately $2.44 million.
• Howmet Aerospace's recent earnings report surpassed analysts' expectations, posting $0.91 EPS and a 9.2% year-over-year revenue growth.
• The company has raised its quarterly dividend to $0.12, reflecting a growth from the previous dividend of $0.10, and a current annualized yield of 0.3%.

Intech Investment Management LLC reduced its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 40.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,818 shares of the company's stock after selling 12,970 shares during the period. Intech Investment Management LLC's holdings in Howmet Aerospace were worth $2,441,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rise Advisors LLC raised its position in 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 purchasing an additional 66 shares during the last quarter. Pinpoint Asset Management Ltd raised its stake in Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after buying an additional 71 shares during the period. Hemington Wealth Management raised its stake in Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after buying an additional 81 shares during the period. CVA Family Office LLC increased its stake in shares of Howmet Aerospace by 15.7% during the first quarter. CVA Family Office LLC now owns 605 shares of the company's stock worth $78,000 after purchasing an additional 82 shares during the period. Finally, Mount Lucas Management LP increased its stake in shares of Howmet Aerospace by 3.2% during the first quarter. Mount Lucas Management LP now owns 2,661 shares of the company's stock worth $345,000 after purchasing an additional 82 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the topic of a number of recent research reports. Truist Financial raised their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Wall Street Zen raised Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, BTIG Research set a $205.00 target price on Howmet Aerospace and gave the stock a "buy" rating in a report on Monday, August 4th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Trading Down 0.8%

Shares of Howmet Aerospace stock traded down $1.46 on Friday, reaching $190.38. The company had a trading volume of 4,620,857 shares, compared to its average volume of 2,070,371. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The firm has a market cap of $76.75 billion, a PE ratio of 55.67, a PEG ratio of 2.48 and a beta of 1.45. The firm's 50 day moving average price is $181.21 and its two-hundred day moving average price is $161.17. Howmet Aerospace Inc. has a 52-week low of $96.52 and a 52-week high of $193.26.

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

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid a dividend of $0.12 per share. This is a boost 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 dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio is currently 14.04%.

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.