SteelPeak Wealth LLC Buys 1,434 Shares of Howmet Aerospace Inc. $HWM

Key Points

• SteelPeak Wealth LLC increased its stake in Howmet Aerospace Inc. by 15.6% during the 2nd quarter, now owning a total of 10,602 shares valued at approximately $1.97 million.
• Howmet Aerospace's recent earnings report revealed a 9.2% revenue growth year-over-year, along with earnings per share (EPS) of $0.91, beating analyst estimates.
• The company announced a quarterly dividend of $0.12 per share, to be paid on November 25th, representing an annualized dividend yield of 0.3%.

SteelPeak Wealth LLC increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 15.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,602 shares of the company's stock after buying an additional 1,434 shares during the quarter. SteelPeak Wealth LLC's holdings in Howmet Aerospace were worth $1,973,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harbour Investments Inc. lifted its position in shares of Howmet Aerospace by 10.1% during the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company's stock worth $145,000 after buying an additional 102 shares during the period. PFG Advisors lifted its position in shares of Howmet Aerospace by 37.9% during the 1st quarter. PFG Advisors now owns 9,593 shares of the company's stock worth $1,245,000 after buying an additional 2,635 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Howmet Aerospace by 233.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock worth $18,277,000 after buying an additional 98,642 shares during the period. Park Avenue Securities LLC increased its holdings in Howmet Aerospace by 126.1% during the 1st quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock valued at $3,140,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in Howmet Aerospace by 65.4% during the 1st quarter. Private Trust Co. NA now owns 673 shares of the company's stock valued at $87,000 after purchasing an additional 266 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HWM. BTIG Research set a $205.00 price target on Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Bank of America raised their price target on Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a report on Tuesday, August 5th. Vertical Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Finally, Susquehanna raised their price target on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday, July 14th. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus price target of $175.50.

Howmet Aerospace Stock Up 0.4%

NYSE:HWM opened at $191.26 on Wednesday. Howmet Aerospace Inc. has a 1 year low of $98.83 and a 1 year high of $198.48. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The stock has a market cap of $77.10 billion, a price-to-earnings ratio of 55.92, a PEG ratio of 2.47 and a beta of 1.45. The stock has a 50-day moving average price of $182.42 and a two-hundred day moving average price of $166.80.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $1.99 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The company'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. As a group, equities analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Friday, November 7th. Howmet Aerospace's payout ratio is 14.04%.

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.

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