Rafferty Asset Management LLC Sells 17,363 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Rafferty Asset Management LLC reduced its stake in Howmet Aerospace by 18.9%, selling 17,363 shares and now holding 74,387 shares, valued at approximately $9.65 million.
• Several institutional investors increased their holdings in Howmet Aerospace, with Wealth Enhancement Advisory Services LLC boosting its position by 233.5% to 140,883 shares valued at $18.27 million.
• Howmet Aerospace reported strong quarterly earnings, with EPS of $0.91, exceeding estimates, and also increased its quarterly dividend from $0.10 to $0.12 per share.

Rafferty Asset Management LLC reduced its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 18.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 74,387 shares of the company's stock after selling 17,363 shares during the quarter. Rafferty Asset Management LLC's holdings in Howmet Aerospace were worth $9,650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Howmet Aerospace by 3,921.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,689 shares of the company's stock worth $219,000 after buying an additional 1,647 shares during the period. Comerica Bank raised its holdings in Howmet Aerospace by 87.3% during the 1st quarter. Comerica Bank now owns 132,227 shares of the company's stock worth $17,154,000 after buying an additional 61,624 shares during the period. ICONIQ Capital LLC acquired a new stake in Howmet Aerospace during the 1st quarter worth approximately $312,000. Quantitative Investment Management LLC raised its holdings in Howmet Aerospace by 60.3% during the 1st quarter. Quantitative Investment Management LLC now owns 14,797 shares of the company's stock worth $1,919,000 after buying an additional 5,567 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Howmet Aerospace by 44.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,327 shares of the company's stock worth $432,000 after buying an additional 1,022 shares during the period. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Down 0.6%

NYSE HWM opened at $173.12 on Wednesday. The company has a market cap of $69.79 billion, a PE ratio of 50.62, a PEG ratio of 2.25 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 12 month low of $90.71 and a 12 month high of $193.26. The stock has a 50 day moving average of $180.19 and a 200-day moving average of $156.80.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.91 EPS 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 company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm posted $0.67 EPS. The firm's revenue for the quarter 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 research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were paid a $0.12 dividend. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.04%.

Analysts Set New Price Targets

Several analysts have commented on HWM shares. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Susquehanna raised their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock a "positive" rating in a report on Monday, July 14th. Bank of America raised their target price on shares of Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the stock a "buy" rating in a report on Monday, August 4th. Finally, Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $172.13.

About Howmet Aerospace

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.