Modern Wealth Management LLC Buys Shares of 1,682 Howmet Aerospace Inc. $HWM

Key Points

• Modern Wealth Management LLC has acquired a new stake in Howmet Aerospace Inc., purchasing 1,682 shares valued at approximately $218,000 in the first quarter.
• Howmet Aerospace recently received multiple upgrades from analysts, with ratings moving from "hold" to "buy" and price targets increasing significantly, reflecting positive investor sentiment.
• The company has declared an increased quarterly dividend of $0.12 per share, up from $0.10, demonstrating a commitment to returning value to its shareholders.

Modern Wealth Management LLC bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,682 shares of the company's stock, valued at approximately $218,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in Howmet Aerospace in the first quarter valued at approximately $32,547,000. WBI Investments LLC acquired a new stake in Howmet Aerospace in the first quarter valued at approximately $786,000. Acadian Asset Management LLC acquired a new stake in Howmet Aerospace in the first quarter valued at approximately $399,000. Geneos Wealth Management Inc. boosted its position in Howmet Aerospace by 10.2% in the first quarter. Geneos Wealth Management Inc. now owns 12,079 shares of the company's stock valued at $1,567,000 after buying an additional 1,119 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new stake in Howmet Aerospace in the first quarter valued at approximately $217,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

HWM has been the subject of several analyst reports. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley raised their price target 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. Bank of America raised their price target on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. 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, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Stock Up 1.9%

Shares of NYSE HWM opened at $189.34 on Tuesday. The stock has a market capitalization of $76.33 billion, a P/E ratio of 55.36, a P/E/G ratio of 2.40 and a beta of 1.45. The company has a 50-day moving average price of $180.49 and a 200-day moving average price of $159.95. Howmet Aerospace Inc. has a 1 year low of $93.51 and a 1 year high of $193.26. 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 issued its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.87 by $0.04. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business's revenue was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.67 earnings per share. 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 forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.3%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date was Friday, August 8th. Howmet Aerospace's dividend payout ratio 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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