MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 614,732 Shares of Howmet Aerospace Inc. $HWM

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its stake in Howmet Aerospace by 21.3%, selling 614,732 shares, now holding around $294.56 million worth of the company's stock.
• Howmet Aerospace recently reported better-than-expected quarterly earnings, with an EPS of $0.91, above the consensus estimate of $0.87, as revenue increased by 9.2% year-over-year to $2.05 billion.
• The company announced an increase in its quarterly dividend to $0.12 per share, up from $0.10, reflecting confidence in future profitability and a dividend yield of 0.3%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,270,592 shares of the company's stock after selling 614,732 shares during the period. Howmet Aerospace makes up about 0.7% of MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings, making the stock its 25th biggest position. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.56% of Howmet Aerospace worth $294,564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinpoint Asset Management Ltd grew 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 acquiring an additional 71 shares in the last quarter. Hemington Wealth Management grew 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 acquiring an additional 81 shares in the last quarter. GPS Wealth Strategies Group LLC grew 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 acquiring an additional 141 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew 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 acquiring an additional 140 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Howmet Aerospace during the first quarter valued at approximately $37,000. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Up 2.8%

Shares of HWM traded up $4.95 during mid-day trading on Wednesday, reaching $183.93. The company's stock had a trading volume of 946,451 shares, compared to its average volume of 2,959,724. The stock has a market cap of $74.14 billion, a PE ratio of 53.82, a P/E/G ratio of 2.32 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. Howmet Aerospace Inc. has a 52 week low of $91.03 and a 52 week high of $193.26. The company's fifty day moving average price is $179.98 and its two-hundred day moving average price is $158.28.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the business posted $0.67 EPS. The business's quarterly 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, analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.12 dividend. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date was Friday, August 8th. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.04%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HWM. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Vertical Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Barclays reaffirmed an "overweight" rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Zacks Research raised shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $172.13.

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.