Plato Investment Management Ltd Trims Stake in Howmet Aerospace Inc. $HWM

Key Points

• Plato Investment Management Ltd reduced its stake in Howmet Aerospace by 17.0%, owning 21,886 shares worth approximately $2.87 million after selling 4,476 shares in the first quarter.
• Howmet Aerospace reported $0.91 EPS for the last quarter, exceeding estimates, with revenue of $2.05 billion, a 9.2% increase year-over-year.
• The company recently declared a quarterly dividend of $0.12, a boost from the previous dividend, resulting in an annualized yield of 0.3%.

Plato Investment Management Ltd decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 17.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,886 shares of the company's stock after selling 4,476 shares during the period. Plato Investment Management Ltd's holdings in Howmet Aerospace were worth $2,870,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in HWM. JPMorgan Chase & Co. raised its stake in Howmet Aerospace by 21.1% in the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock valued at $3,171,970,000 after purchasing an additional 4,252,401 shares during the last quarter. Nuveen LLC acquired a new position in shares of Howmet Aerospace in the first quarter valued at approximately $366,209,000. GAMMA Investing LLC lifted its stake in shares of Howmet Aerospace by 15,741.8% during the first quarter. GAMMA Investing LLC now owns 1,328,176 shares of the company's stock valued at $1,723,040,000 after buying an additional 1,319,792 shares during the period. Westfield Capital Management Co. LP acquired a new stake in Howmet Aerospace during the first quarter worth approximately $147,251,000. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Howmet Aerospace during the fourth quarter worth approximately $102,996,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on HWM. BTIG Research set a $205.00 price target on Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. JPMorgan Chase & Co. raised their price target on 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 upped their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $178.96 on Wednesday. The firm's fifty day simple moving average is $179.98 and its 200 day simple moving average is $158.28. 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 $91.03 and a twelve month high of $193.26. The firm has a market capitalization of $72.14 billion, a price-to-earnings ratio of 52.33, a PEG ratio of 2.32 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued 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. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. The firm's quarterly revenue was up 9.2% on a year-over-year basis. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. As a group, equities research analysts expect 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 issued a $0.12 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is currently 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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