Patton Fund Management Inc. Takes $302,000 Position in Howmet Aerospace Inc. $HWM

Key Points

• Patton Fund Management Inc. has acquired a new stake in Howmet Aerospace Inc., purchasing 1,622 shares valued at approximately $302,000 in Q2.
• Howmet Aerospace recently reported a quarterly earnings per share (EPS) of $0.91, beating analysts' expectations and showing a 9.2% increase in revenue year-over-year.
• The company has announced an increase in its quarterly dividend from $0.10 to $0.12, resulting in an annualized dividend yield of 0.2%.

Patton Fund Management Inc. acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,622 shares of the company's stock, valued at approximately $302,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. boosted its position in Howmet Aerospace by 4.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company's stock valued at $278,000 after buying an additional 61 shares during the period. Rise Advisors LLC boosted its holdings in Howmet Aerospace by 32.4% in the first quarter. Rise Advisors LLC now owns 270 shares of the company's stock valued at $35,000 after purchasing an additional 66 shares during the period. Pinpoint Asset Management Ltd boosted its holdings in Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock valued at $31,000 after purchasing an additional 71 shares during the period. Golden State Equity Partners boosted its holdings in Howmet Aerospace by 4.4% in the second quarter. Golden State Equity Partners now owns 1,820 shares of the company's stock valued at $339,000 after purchasing an additional 77 shares during the period. Finally, Hemington Wealth Management boosted its stake in shares of Howmet Aerospace by 46.6% in the 1st quarter. Hemington Wealth Management now owns 255 shares of the company's stock valued at $33,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Up 2.0%

Shares of NYSE:HWM opened at $193.55 on Friday. The company has a market capitalization of $78.03 billion, a PE ratio of 56.59, a P/E/G ratio of 2.46 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 twelve month low of $97.86 and a twelve month high of $194.89. The firm has a 50 day simple moving average of $181.73 and a 200-day simple moving average of $163.46.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating 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 analysts' expectations of $1.99 billion. During the same period in the previous year, the company earned $0.67 earnings per share. Howmet Aerospace'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, equities analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 8th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

Wall Street Analyst Weigh In

HWM has been the subject of several recent research reports. Vertical Research reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Truist Financial lifted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Morgan Stanley lifted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. One equities research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.13.

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.

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