Range Financial Group LLC Invests $520,000 in Howmet Aerospace Inc. $HWM

Key Points

• Range Financial Group LLC has acquired a new stake in Howmet Aerospace, purchasing 2,794 shares valued at approximately $520,000. This reflects continued interest from institutional investors, with hedge funds holding 90.46% of the stock.
• Howmet Aerospace's recent earnings report showed an EPS of $0.91, surpassing analysts' estimates and indicating a 9.2% increase in revenue compared to the previous year.
• The company recently raised its quarterly dividend from $0.10 to $0.12, resulting in an annualized dividend yield of 0.3% and a low payout ratio of 14.04%.

Range Financial Group LLC bought a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,794 shares of the company's stock, valued at approximately $520,000.

Other hedge funds have also recently modified their holdings of the company. Strategic Advocates LLC grew its position in shares of Howmet Aerospace by 2.2% during the 2nd quarter. Strategic Advocates LLC now owns 8,646 shares of the company's stock worth $1,609,000 after buying an additional 189 shares in the last quarter. Everpar Advisors LLC purchased a new stake in Howmet Aerospace during the second quarter valued at approximately $242,000. Next Level Private LLC acquired a new stake in Howmet Aerospace in the second quarter valued at approximately $249,000. Heartwood Wealth Advisors LLC acquired a new position in Howmet Aerospace during the 2nd quarter valued at about $898,000. Finally, Parallel Advisors LLC increased its holdings in shares of Howmet Aerospace by 12.5% during the second quarter. Parallel Advisors LLC now owns 3,083 shares of the company's stock valued at $574,000 after acquiring an additional 342 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

HWM has been the topic of a number of research analyst reports. Barclays reissued an "overweight" rating and set a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Susquehanna lifted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Finally, BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the company a "buy" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus target price of $172.13.

Howmet Aerospace Price Performance

HWM traded down $1.46 during midday trading on Friday, hitting $190.38. 4,620,857 shares of the company traded hands, compared to its average volume of 2,070,371. The company has a market capitalization of $76.75 billion, a price-to-earnings ratio of 55.67, a PEG ratio of 2.48 and a beta of 1.45. Howmet Aerospace Inc. has a 52-week low of $96.52 and a 52-week high of $193.26. The business has a 50 day simple moving average of $181.21 and a two-hundred day simple moving average of $161.17. 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 (NYSE:HWM - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.Howmet Aerospace's quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.67 EPS. 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 forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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