KLP Kapitalforvaltning AS Sells 37,800 Shares of Howmet Aerospace Inc. $HWM

Key Points

• KLP Kapitalforvaltning AS has reduced its holdings in Howmet Aerospace by 11.4%, selling 37,800 shares in the second quarter, bringing their total ownership to 292,344 shares worth approximately $54.41 million.
• Howmet Aerospace has reported a 9.2% increase in quarterly revenue year-over-year, reaching $2.05 billion, and exceeded earnings expectations with an EPS of $0.91.
• The company has declared a quarterly dividend of $0.12 per share, to be paid on November 25th, reflecting an annualized dividend yield of 0.3%.

KLP Kapitalforvaltning AS trimmed its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 292,344 shares of the company's stock after selling 37,800 shares during the period. KLP Kapitalforvaltning AS owned 0.07% of Howmet Aerospace worth $54,414,000 at the end of the most recent reporting period.

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

Howmet Aerospace Stock Performance

NYSE HWM opened at $190.56 on Tuesday. The company has a 50-day simple moving average of $182.38 and a two-hundred day simple moving average of $166.62. Howmet Aerospace Inc. has a 12-month low of $98.83 and a 12-month high of $198.48. The firm has a market cap of $76.82 billion, a price-to-earnings ratio of 55.72, a PEG ratio of 2.45 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.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The firm had revenue of $2.05 billion for 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 company's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $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, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, November 7th. Howmet Aerospace's dividend payout ratio is 14.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HWM shares. Barclays reiterated an "overweight" rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Morgan Stanley increased their target price on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Truist Financial lifted their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, Wall Street Zen upgraded Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Fourteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.50.

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.

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.