Public Sector Pension Investment Board Purchases 4,316 Shares of Howmet Aerospace Inc. $HWM

Key Points

• The Public Sector Pension Investment Board increased its stake in Howmet Aerospace Inc. by 8.1%, acquiring a total of 57,641 shares valued at approximately $7.48 million.
• Wall Street analysts are optimistic about Howmet Aerospace, with most firms upgrading their price targets, leading to an average price target of $172.13 and a consensus rating of "Moderate Buy."
• Howmet Aerospace has announced a dividend increase to $0.12 per share, representing a yield of 0.3%, up from the previous dividend of $0.10.

Public Sector Pension Investment Board raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,641 shares of the company's stock after acquiring an additional 4,316 shares during the quarter. Public Sector Pension Investment Board's holdings in Howmet Aerospace were worth $7,478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after purchasing an additional 130 shares during the last quarter. Townsquare Capital LLC lifted its position in Howmet Aerospace by 6.7% during the 4th quarter. Townsquare Capital LLC now owns 3,108 shares of the company's stock valued at $340,000 after purchasing an additional 195 shares during the period. Mariner LLC grew its stake in shares of Howmet Aerospace by 6.7% during the fourth quarter. Mariner LLC now owns 53,817 shares of the company's stock worth $5,886,000 after purchasing an additional 3,361 shares during the period. CreativeOne Wealth LLC increased its stake in Howmet Aerospace by 177.7% in the fourth quarter. CreativeOne Wealth LLC now owns 6,964 shares of the company's stock valued at $762,000 after purchasing an additional 4,456 shares in the last quarter. Finally, Guggenheim Capital LLC grew its stake in Howmet Aerospace by 162.2% in the fourth quarter. Guggenheim Capital LLC now owns 14,639 shares of the company's stock valued at $1,601,000 after acquiring an additional 9,055 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. UBS Group upped their price target on shares of Howmet Aerospace from $120.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. boosted their price objective 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 price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, Bank of America boosted their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $172.13.

Howmet Aerospace Price Performance

Shares of NYSE:HWM traded down $0.78 on Tuesday, hitting $172.27. The company's stock had a trading volume of 529,766 shares, compared to its average volume of 3,027,461. The company has a 50-day simple moving average of $179.83 and a 200 day simple moving average of $153.52. Howmet Aerospace Inc. has a 1 year low of $90.71 and a 1 year high of $193.26. 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 capitalization of $69.45 billion, a PE ratio of 50.45, a PEG ratio of 2.22 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company posted $0.67 earnings per share. The business's 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. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.12 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace's payout ratio is 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.