Merit Financial Group LLC Purchases 4,195 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Merit Financial Group LLC has increased its holdings in Howmet Aerospace Inc. by 31.9%, acquiring an additional 4,195 shares, bringing their total shares owned to 17,344, valued at approximately $3.23 million.
• Analysts are optimistic about Howmet Aerospace, with firms like Bank of America and Susquehanna raising their price targets to as high as $215 and issuing "buy" ratings, reflecting strong investor confidence in the company's prospects.
• Howmet Aerospace reported a strong quarterly earnings performance, with $0.91 EPS for the quarter, exceeding expectations, along with a revenue increase of 9.2% year-over-year.

Merit Financial Group LLC raised its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 31.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 17,344 shares of the company's stock after buying an additional 4,195 shares during the period. Merit Financial Group LLC's holdings in Howmet Aerospace were worth $3,228,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its position in Howmet Aerospace by 2,433.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 228 shares of the company's stock valued at $42,000 after buying an additional 219 shares during the last quarter. Pinpoint Asset Management Ltd boosted its position in 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 buying an additional 71 shares during the last quarter. Hemington Wealth Management boosted its position in Howmet Aerospace by 46.6% in the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after buying an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in Howmet Aerospace by 114.6% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock valued at $34,000 after buying an additional 141 shares during the last quarter. Finally, Rise Advisors LLC boosted its position in Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company's stock valued at $35,000 after buying an additional 66 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HWM shares. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Susquehanna raised their price target on Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. raised their price target on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Barclays restated an "overweight" rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Finally, Bank of America raised their price target on Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $175.50.

Howmet Aerospace Stock Performance

HWM opened at $191.26 on Wednesday. The business's 50-day moving average price is $182.42 and its two-hundred day moving average price is $166.80. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48. The company has a market capitalization of $77.10 billion, a price-to-earnings ratio of 55.92, a P/E/G ratio of 2.47 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08.

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 (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the business posted $0.67 EPS. The company's revenue for the quarter 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. Equities analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal 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 issued a $0.12 dividend. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

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.

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