Howmet Aerospace Inc. $HWM Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. MD sold 493,376 shares of Howmet Aerospace Inc. in the first quarter, reducing its stake by 3.7% to approximately 12.7 million shares, valued at around $1.65 billion.
• Howmet Aerospace received several upgrades from analysts, including a boost in price targets from Susquehanna and UBS Group, with a consensus target price set at $172.13.
• The company announced a quarterly dividend increase from $0.10 to $0.12 per share, marking a yield of 0.3%, with a payout ratio of 14.04%.

Price T Rowe Associates Inc. MD lessened its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,720,561 shares of the company's stock after selling 493,376 shares during the quarter. Price T Rowe Associates Inc. MD owned 3.15% of Howmet Aerospace worth $1,650,239,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kapitalo Investimentos Ltda bought a new stake in Howmet Aerospace during the fourth quarter worth $30,000. Pinpoint Asset Management Ltd increased its holdings in 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 period. Hemington Wealth Management increased its holdings in 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. GPS Wealth Strategies Group LLC increased its holdings in Howmet Aerospace by 114.6% in the 1st 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 period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Howmet Aerospace by 100.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after purchasing an additional 140 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

NYSE HWM traded down $2.4540 during trading hours on Friday, hitting $170.7960. The company's stock had a trading volume of 2,995,686 shares, compared to its average volume of 2,800,806. The company has a market cap of $68.85 billion, a P/E ratio of 49.94, a price-to-earnings-growth ratio of 2.21 and a beta of 1.48. 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 $179.96 and its two-hundred day simple moving average is $154.60. Howmet Aerospace Inc. has a 12 month low of $90.71 and a 12 month high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings data 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 return on equity of 28.17% and a net margin of 18.09%.The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $1.99 billion. During the same period in the previous year, the firm earned $0.67 EPS. The business'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, sell-side analysts expect 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 will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be issued a $0.12 dividend. The ex-dividend date is Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.04%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the stock a "buy" rating in a research report on Monday, August 4th. Truist Financial lifted 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. Barclays restated an "overweight" rating and set a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Wells Fargo & Company boosted their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Fourteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus price target of $172.13.

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.