MetLife Investment Management LLC Sells 2,323 Shares of Howmet Aerospace Inc. $HWM

Key Points

• MetLife Investment Management LLC has reduced its stake in Howmet Aerospace by 2.1%, now owning 106,273 shares valued at approximately $13.79 million.
• Howmet Aerospace reported a quarterly EPS of $0.91, surpassing analysts' expectations of $0.87, along with a year-over-year revenue increase of 9.2%.
• The company announced a quarterly dividend increase to $0.12 per share, reflecting an annualized dividend yield of 0.3% and a payout ratio of 14.04%.

MetLife Investment Management LLC lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 2.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,273 shares of the company's stock after selling 2,323 shares during the quarter. MetLife Investment Management LLC's holdings in Howmet Aerospace were worth $13,787,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HWM. Kapitalo Investimentos Ltda bought a new position in Howmet Aerospace during the fourth quarter valued at about $30,000. Pinpoint Asset Management Ltd boosted its stake in Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after buying an additional 71 shares in the last quarter. Hemington Wealth Management boosted its stake in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after buying an additional 81 shares in the last quarter. GPS Wealth Strategies Group LLC boosted its stake in Howmet Aerospace by 114.6% during the first 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 in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after buying an additional 140 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HWM shares. Barclays reaffirmed an "overweight" rating and set a $190.00 target price (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Morgan Stanley increased their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Finally, Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Trading Down 1.1%

Shares of NYSE:HWM traded down $1.98 during midday trading on Friday, reaching $174.18. The company had a trading volume of 1,665,671 shares, compared to its average volume of 2,561,737. Howmet Aerospace Inc. has a 1-year low of $90.71 and a 1-year high of $193.26. The firm has a market cap of $70.22 billion, a price-to-earnings ratio of 50.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The company has a fifty day simple moving average of $180.29 and a two-hundred day simple moving average of $156.21.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping 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 analyst estimates of $1.99 billion. During the same period last year, the company posted $0.67 EPS. The business's quarterly revenue was up 9.2% compared to the same quarter last year. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. Research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were given 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 was Friday, August 8th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio is 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.