Howmet Aerospace Inc. $HWM Position Boosted by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Howmet Aerospace Inc. by 4.0%, acquiring an additional 6,335 shares and bringing their total holdings to 165,945 shares valued at $21,528,000.
• Wall Street analysts have shown optimism for Howmet Aerospace, with several firms raising their target prices and a consensus rating of "Moderate Buy", indicating strong growth potential.
• Howmet Aerospace announced an increase in its quarterly dividend from $0.10 to $0.12, reflecting a positive outlook on its financial performance.

Kovitz Investment Group Partners LLC boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,945 shares of the company's stock after purchasing an additional 6,335 shares during the period. Kovitz Investment Group Partners LLC's holdings in Howmet Aerospace were worth $21,528,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Pinpoint Asset Management Ltd raised its position in shares of Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Hemington Wealth Management increased its stake in shares of Howmet Aerospace by 46.6% in the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after buying an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Howmet Aerospace by 114.6% in the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after acquiring an additional 141 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in Howmet Aerospace during the 4th quarter valued at $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Howmet Aerospace by 100.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after acquiring an additional 140 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

HWM traded down $0.0720 during trading on Wednesday, reaching $171.8280. 2,762,841 shares of the company were exchanged, compared to its average volume of 2,833,245. Howmet Aerospace Inc. has a 52 week low of $90.71 and a 52 week high of $193.26. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $179.92 and a 200 day moving average of $153.78. The stock has a market cap of $69.27 billion, a P/E ratio of 50.24, a PEG ratio of 2.22 and a beta of 1.48.

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

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HWM. Barclays reissued an "overweight" rating and issued a $190.00 target price (up previously from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Bank of America lifted their price target on Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Vertical Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Morgan Stanley increased their target price on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, BTIG Research set a $205.00 target price on Howmet Aerospace and gave the stock a "buy" rating in a research report on Monday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.13.

About Howmet Aerospace

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.