Panagora Asset Management Inc. Reduces Stock Holdings in Howmet Aerospace Inc. $HWM

Key Points

• Panagora Asset Management Inc. reduced its stake in Howmet Aerospace Inc. by 1.2% in the first quarter, holding 394,701 shares valued at approximately $51.21 million.
• Several hedge funds, including PFG Advisors and Wealth Enhancement Advisory Services LLC, significantly increased their positions in Howmet Aerospace, with Wealth Enhancement lifting its stake by 233.5%.
• Howmet Aerospace recently reported a quarterly earnings of $0.91 per share, beating estimates, and announced an increase in its quarterly dividend to $0.12 per share, representing a 0.3% yield.

Panagora Asset Management Inc. decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 394,701 shares of the company's stock after selling 4,930 shares during the quarter. Panagora Asset Management Inc. owned approximately 0.10% of Howmet Aerospace worth $51,205,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinpoint Asset Management Ltd boosted its position in shares of Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after acquiring an additional 71 shares during the last quarter. Hemington Wealth Management boosted its position in shares of Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after acquiring an additional 81 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its position in Howmet Aerospace by 114.6% in 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 during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Howmet Aerospace in the fourth quarter valued at about $30,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in Howmet Aerospace by 100.7% in 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 during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on HWM shares. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the company a "buy" rating in a research report on Monday, August 4th. JPMorgan Chase & Co. upped their target price 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. Morgan Stanley upped their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen raised shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Susquehanna upped their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research report on Monday, July 14th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Stock Up 0.6%

Shares of HWM traded up $0.99 during mid-day trading on Wednesday, hitting $174.21. 1,650,345 shares of the company's stock were exchanged, compared to its average volume of 2,998,060. The company has a market cap of $70.23 billion, a price-to-earnings ratio of 50.94, a P/E/G ratio of 2.25 and a beta of 1.45. Howmet Aerospace Inc. has a fifty-two week low of $90.71 and a fifty-two week high of $193.26. 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 stock's 50-day moving average is $180.19 and its 200-day moving average is $156.80.

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. 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 for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. 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. On average, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared 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 an increase 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 payout ratio is currently 14.04%.

Howmet Aerospace Company 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.