Overbrook Management Corp Boosts Position in Howmet Aerospace Inc. $HWM

Key Points

• Overbrook Management Corp increased its stake in Howmet Aerospace by 18.4% during the second quarter, owning a total of 52,899 shares valued at approximately $9.84 million.
• Several institutional investors, including Pinpoint Asset Management and GPS Wealth Strategies Group, significantly increased their positions in Howmet Aerospace during the first quarter, indicating strong interest in the stock.
• Howmet Aerospace's recent quarterly earnings surpassed expectations, reporting $0.91 EPS against an estimate of $0.87, along with a 9.2% year-over-year revenue increase to $2.05 billion.

Overbrook Management Corp raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 18.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,899 shares of the company's stock after purchasing an additional 8,226 shares during the period. Howmet Aerospace accounts for about 1.8% of Overbrook Management Corp's holdings, making the stock its 21st biggest position. Overbrook Management Corp's holdings in Howmet Aerospace were worth $9,846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Pinpoint Asset Management Ltd grew its position in shares of 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 stake in Howmet Aerospace by 46.6% in 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 holdings in shares of Howmet Aerospace by 114.6% during the first quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after purchasing an additional 141 shares during the last quarter. Rise Advisors LLC grew its holdings in shares of Howmet Aerospace by 32.4% during the first quarter. Rise Advisors LLC now owns 270 shares of the company's stock worth $35,000 after purchasing an additional 66 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in shares of Howmet Aerospace by 100.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock worth $36,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Zacks Research raised Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Morgan Stanley increased their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Susquehanna raised their target price on shares of 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. upped their price target on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded 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 issued a Hold rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $193.55 on Monday. The stock has a fifty day moving average price of $181.73 and a 200 day moving average price of $164.00. Howmet Aerospace Inc. has a 1-year low of $97.86 and a 1-year high of $194.89. 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 has a market cap of $78.03 billion, a PE ratio of 56.59, a P/E/G ratio of 2.50 and a beta of 1.45.

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. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. Howmet Aerospace's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.67 EPS. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced 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 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's 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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