Itau Unibanco Holding S.A. Decreases Stock Position in Howmet Aerospace Inc. $HWM

Key Points

• Itau Unibanco Holding S.A. drastically reduced its stake in Howmet Aerospace by 97.2%, selling 12,609 shares and now holding only 368 shares valued at approximately $48,000.
• Several institutional investors have been increasing their positions in Howmet Aerospace, with notable increases from GPS Wealth Strategies Group LLC and Pinpoint Asset Management Ltd, enhancing their stakes significantly during the first quarter.
• Howmet Aerospace's stock received positive analyst ratings, with a consensus price target of $172.13, and recent reports from brokerages reflecting upgraded ratings including a "strong-buy" from Zacks Research.

Itau Unibanco Holding S.A. lowered its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 97.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 368 shares of the company's stock after selling 12,609 shares during the period. Itau Unibanco Holding S.A.'s holdings in Howmet Aerospace were worth $48,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of Howmet Aerospace by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock valued at $3,171,970,000 after buying an additional 4,252,401 shares in the last quarter. Nuveen LLC purchased a new position in Howmet Aerospace during the 1st quarter valued at about $366,209,000. GAMMA Investing LLC grew its position in Howmet Aerospace by 15,741.8% in the 1st quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after acquiring an additional 1,319,792 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Howmet Aerospace during the first quarter worth about $147,251,000. Finally, Janus Henderson Group PLC lifted its position in shares of Howmet Aerospace by 10.3% during the fourth 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. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Down 1.1%

Shares of HWM traded down $1.98 during mid-day trading on Friday, reaching $174.18. The company's stock had a trading volume of 1,665,671 shares, compared to its average volume of 2,390,551. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. Howmet Aerospace Inc. has a 12-month low of $90.71 and a 12-month high of $193.26. The stock has a market cap of $70.22 billion, a PE ratio of 50.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.45. The company's 50 day moving average is $180.29 and its 200 day moving average is $156.40.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The business's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous 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. Equities analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend 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 dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio is 14.04%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. Morgan Stanley boosted their price target 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. Barclays reaffirmed an "overweight" rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Truist Financial lifted their target price on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Susquehanna upped their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.