Kingstone Capital Partners Texas LLC Purchases New Shares in Howmet Aerospace Inc. $HWM

Key Points

• Kingstone Capital Partners Texas LLC invested $6.17 million in Howmet Aerospace by acquiring 33,132 shares in the 2nd quarter of 2023.
• Howmet Aerospace's recent earnings report showed an EPS of $0.91, surpassing expectations, with a revenue of $2.05 billion for the quarter, representing a 9.2% year-on-year increase.
• The company increased its quarterly dividend from $0.10 to $0.12 per share, signaling a commitment to returning capital to shareholders amidst its growth outlook.

Kingstone Capital Partners Texas LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 33,132 shares of the company's stock, valued at approximately $6,167,000.

A number of other institutional investors have also recently bought and sold shares of HWM. Harbour Investments Inc. grew its position in shares of Howmet Aerospace by 10.1% during the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company's stock worth $145,000 after purchasing an additional 102 shares in the last quarter. PFG Advisors grew its stake in Howmet Aerospace by 37.9% in the 1st quarter. PFG Advisors now owns 9,593 shares of the company's stock worth $1,245,000 after buying an additional 2,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Howmet Aerospace by 233.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock valued at $18,277,000 after buying an additional 98,642 shares during the period. Park Avenue Securities LLC increased its position in Howmet Aerospace by 126.1% during the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock valued at $3,140,000 after buying an additional 13,500 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Howmet Aerospace by 65.4% in the first quarter. Private Trust Co. NA now owns 673 shares of the company's stock worth $87,000 after acquiring an additional 266 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HWM shares. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the company a "buy" rating in a research report on Monday, August 4th. Morgan Stanley upped their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Truist Financial lifted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, Barclays reissued an "overweight" rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace 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 given a Hold rating to the stock. According to MarketBeat, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Trading Down 0.8%

Shares of HWM traded down $1.46 during trading on Friday, reaching $190.38. 4,620,857 shares of the company traded hands, compared to its average volume of 2,151,608. Howmet Aerospace Inc. has a twelve month low of $96.52 and a twelve month high of $193.26. The stock has a market cap of $76.75 billion, a PE ratio of 55.67, a price-to-earnings-growth ratio of 2.46 and a beta of 1.45. 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 has a 50-day simple moving average of $181.21 and a 200-day simple moving average of $161.64.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.67 earnings per share. 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, analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm 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. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 8th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is 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.