Menora Mivtachim Holdings LTD. Purchases New Shares in Howmet Aerospace Inc. $HWM

Key Points

• Menora Mivtachim Holdings LTD. acquired a new position in Howmet Aerospace Inc., purchasing 720,950 shares valued at approximately $93.5 million, which represents about 0.18% of the company's stock.
• Multiple institutional investors, including Kapitalo Investimentos Ltda and GPS Wealth Strategies Group LLC, have also significantly increased their stakes in Howmet Aerospace during the first quarter.
• Analysts have raised their price targets for Howmet Aerospace, with Bank of America setting a new target of $215, reflecting a consensus rating of "Moderate Buy" among analysts.

Menora Mivtachim Holdings LTD. acquired a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 720,950 shares of the company's stock, valued at approximately $93,529,000. Menora Mivtachim Holdings LTD. owned 0.18% of Howmet Aerospace as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Howmet Aerospace by 21.1% during the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock valued at $3,171,970,000 after acquiring an additional 4,252,401 shares during the period. Nuveen LLC bought a new position in Howmet Aerospace during the first quarter valued at about $366,209,000. GAMMA Investing LLC increased its stake in Howmet Aerospace by 15,741.8% during the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after acquiring an additional 1,319,792 shares during the period. Westfield Capital Management Co. LP bought a new position in Howmet Aerospace during the first quarter valued at about $147,251,000. Finally, Janus Henderson Group PLC increased its stake in Howmet Aerospace by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock valued at $1,197,315,000 after acquiring an additional 1,026,130 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Price Performance

NYSE HWM traded down $0.0720 during trading hours on Wednesday, reaching $171.8280. 2,256,082 shares of the company's stock were exchanged, compared to its average volume of 3,031,386. The firm has a fifty day moving average of $179.90 and a 200-day moving average of $153.65. Howmet Aerospace Inc. has a one year low of $90.71 and a one year high of $193.26. The stock has a market cap of $69.27 billion, a PE ratio of 50.24, a price-to-earnings-growth ratio of 2.24 and a beta of 1.48. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. During the same period last year, the firm posted $0.67 EPS. The business'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, equities research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be issued a $0.12 dividend. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. 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, August 8th. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Truist Financial upped their price objective on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Barclays reiterated an "overweight" rating and issued a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Wells Fargo & Company upped their price objective on Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley upped their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Fourteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $172.13.

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.