LeConte Wealth Management LLC Makes New Investment in Howmet Aerospace Inc. $HWM

Key Points

• LeConte Wealth Management LLC has acquired a new position in Howmet Aerospace Inc., purchasing 1,331 shares valued at approximately $248,000 in the second quarter.
• Analysts have raised their price targets for Howmet Aerospace, with reports indicating a current consensus target price of $172.13 and ratings predominantly classified as "Buy."
• Howmet Aerospace recently increased its quarterly dividend from $0.10 to $0.12 per share, reflecting a commitment to shareholder returns.

LeConte Wealth Management LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,331 shares of the company's stock, valued at approximately $248,000.

Several other large investors have also bought and sold shares of HWM. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock worth $3,171,970,000 after buying an additional 4,252,401 shares during the last quarter. Nuveen LLC purchased a new position in Howmet Aerospace in the first quarter worth about $366,209,000. GAMMA Investing LLC raised its holdings in Howmet Aerospace by 15,741.8% in the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock worth $1,723,040,000 after buying an additional 1,319,792 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in Howmet Aerospace in the first quarter worth about $147,251,000. Finally, Goldman Sachs Group Inc. raised its holdings in Howmet Aerospace by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company's stock worth $271,781,000 after buying an additional 771,271 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Susquehanna boosted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday, July 14th. Bank of America boosted their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Finally, Vertical Research reissued a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.13.

Howmet Aerospace Stock Down 1.7%

Shares of HWM stock opened at $190.29 on Thursday. Howmet Aerospace Inc. has a 12 month low of $97.86 and a 12 month high of $194.69. The stock has a market cap of $76.71 billion, a P/E ratio of 55.64, a P/E/G ratio of 2.51 and a beta of 1.45. 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 company has a 50 day simple moving average of $181.66 and a two-hundred day simple moving average of $162.53.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. During the same period in the prior year, the company earned $0.67 earnings per share. The firm's revenue was up 9.2% on a year-over-year basis. 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, research analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share 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 an increase from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 8th. Howmet Aerospace's dividend payout ratio is currently 14.04%.

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.

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