State of Alaska Department of Revenue Has $8.43 Million Stock Holdings in Howmet Aerospace Inc. $HWM

Key Points

• The State of Alaska Department of Revenue reduced its stake in Howmet Aerospace Inc. by 4.6% to 45,287 shares, valuing its holdings at $8.43 million.
• Research analysts significantly raised their price targets for Howmet Aerospace, with both Morgan Stanley and Susquehanna increasing theirs to $210, indicating strong optimism for the company's future performance.
• Howmet Aerospace announced a quarterly dividend increase from $0.10 to $0.12 per share, representing a 0.2% yield and highlighting the company's commitment to returning value to shareholders.

State of Alaska Department of Revenue reduced its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 45,287 shares of the company's stock after selling 2,160 shares during the period. State of Alaska Department of Revenue's holdings in Howmet Aerospace were worth $8,429,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinpoint Asset Management Ltd boosted its holdings in shares of Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after acquiring an additional 71 shares during the period. Hemington Wealth Management lifted its position in Howmet Aerospace by 46.6% during the first quarter. Hemington Wealth Management now owns 255 shares of the company's stock worth $33,000 after purchasing an additional 81 shares during the period. GPS Wealth Strategies Group LLC boosted its position in shares of Howmet Aerospace by 114.6% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 264 shares of the company's stock worth $34,000 after acquiring an additional 141 shares in the last quarter. Rise Advisors LLC boosted its holdings in shares of Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company's stock valued at $35,000 after purchasing an additional 66 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its position in Howmet Aerospace by 100.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company's stock valued at $36,000 after acquiring an additional 140 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on HWM shares. Morgan Stanley increased their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Susquehanna increased their target price on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Royal Bank Of Canada restated an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Truist Financial raised their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Wall Street Zen upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $193.55 on Friday. The stock's 50 day moving average is $181.73 and its 200 day moving average is $163.71. Howmet Aerospace Inc. has a one year low of $97.86 and a one year high of $194.89. The firm has a market cap of $78.03 billion, a P/E ratio of 56.59, a P/E/G ratio of 2.50 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business earned $0.67 EPS. The company's revenue 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. As a group, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Friday, August 8th. Howmet Aerospace's payout ratio 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.

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