Neville Rodie & Shaw Inc. Buys 7,530 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Neville Rodie & Shaw Inc. increased its stake in Howmet Aerospace by 11.4%, acquiring a total of 73,584 shares valued at approximately $13.7 million.
• Wall Street analysts have a positive outlook for Howmet Aerospace, with target prices raised to as high as $210 and an average rating of "Moderate Buy."
• Howmet Aerospace recently increased its quarterly dividend from $0.10 to $0.12 per share, marking an annual dividend of $0.48 and a yield of 0.3%.

Neville Rodie & Shaw Inc. boosted its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,584 shares of the company's stock after acquiring an additional 7,530 shares during the quarter. Howmet Aerospace comprises about 1.0% of Neville Rodie & Shaw Inc.'s holdings, making the stock its 27th largest holding. Neville Rodie & Shaw Inc.'s holdings in Howmet Aerospace were worth $13,696,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HWM. Harbour Investments Inc. increased its position in Howmet Aerospace by 10.1% in the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company's stock worth $145,000 after buying an additional 102 shares during the period. PFG Advisors grew its stake in shares of Howmet Aerospace by 37.9% in the first quarter. PFG Advisors now owns 9,593 shares of the company's stock worth $1,245,000 after purchasing an additional 2,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Howmet Aerospace by 233.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock worth $18,277,000 after purchasing an additional 98,642 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Howmet Aerospace by 126.1% in the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in Howmet Aerospace by 65.4% during the first quarter. Private Trust Co. NA now owns 673 shares of the company's stock valued at $87,000 after buying an additional 266 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays reaffirmed an "overweight" rating and set a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. JPMorgan Chase & Co. upped their target price on Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Wall Street Zen raised Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley increased their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Trading Up 2.9%

Shares of NYSE HWM traded up $5.39 during midday trading on Thursday, hitting $190.78. The stock had a trading volume of 1,026,762 shares, compared to its average volume of 2,934,049. The firm has a market cap of $76.91 billion, a P/E ratio of 55.87, a price-to-earnings-growth ratio of 2.43 and a beta of 1.45. Howmet Aerospace Inc. has a fifty-two week low of $95.46 and a fifty-two week 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. The company's 50-day simple moving average is $180.73 and its 200 day simple moving average is $160.31.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results 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. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The firm's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS 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 paid a $0.12 dividend. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, August 8th. Howmet Aerospace's dividend payout ratio is currently 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.