Howmet Aerospace Inc. $HWM Shares Acquired by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Howmet Aerospace by 3,921.4% in the first quarter, acquiring an additional 1,647 shares, bringing its total holdings to 1,689 shares worth approximately $219,000.
• Research analysts have set a consensus price target of $172.13 for Howmet Aerospace, with ratings ranging from "Strong Buy" to "Hold" among various analysts.
• Howmet Aerospace recently increased its quarterly dividend from $0.10 to $0.12, representing an annualized dividend yield of 0.3% with a payout ratio of 14.04%.

Kayne Anderson Rudnick Investment Management LLC raised its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3,921.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,689 shares of the company's stock after purchasing an additional 1,647 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Howmet Aerospace were worth $219,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Comerica Bank raised its position in shares of Howmet Aerospace by 87.3% in the first quarter. Comerica Bank now owns 132,227 shares of the company's stock worth $17,154,000 after acquiring an additional 61,624 shares during the period. ICONIQ Capital LLC acquired a new position in shares of Howmet Aerospace in the first quarter worth about $312,000. Quantitative Investment Management LLC raised its position in shares of Howmet Aerospace by 60.3% during the 1st quarter. Quantitative Investment Management LLC now owns 14,797 shares of the company's stock worth $1,919,000 after purchasing an additional 5,567 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Howmet Aerospace by 44.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,327 shares of the company's stock worth $432,000 after purchasing an additional 1,022 shares during the last quarter. Finally, Groupe la Francaise raised its position in shares of Howmet Aerospace by 25.9% during the 1st quarter. Groupe la Francaise now owns 81,570 shares of the company's stock worth $10,802,000 after purchasing an additional 16,793 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial upped their price target on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Vertical Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Zacks Research raised shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Bank of America upped their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus price target of $172.13.

Howmet Aerospace Trading Down 1.1%

Shares of NYSE:HWM traded down $1.98 during mid-day trading on Monday, reaching $174.18. 1,665,671 shares of the company were exchanged, 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. The firm has a market cap of $70.22 billion, a price-to-earnings ratio of 50.93, a P/E/G ratio of 2.25 and a beta of 1.45. The firm's 50-day simple moving average is $180.29 and its 200 day simple moving average is $156.40. Howmet Aerospace Inc. has a 1 year low of $90.71 and a 1 year high of $193.26.

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 for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The firm had revenue of $2.05 billion during 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 firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $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 research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued 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 was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is currently 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.