Strs Ohio Takes Position in Howmet Aerospace Inc. $HWM

Key Points

• Strs Ohio initiated a significant investment in Howmet Aerospace by acquiring 250,880 shares worth approximately $32.5 million, reflecting a growing interest in the aerospace sector by institutional investors.
• Howmet Aerospace reported a strong earnings performance, with a net margin of 18.09% and revenues of $2.05 billion, surpassing analysts' expectations for the recent quarter.
• The company also announced an increased quarterly dividend of $0.12, representing a 20% increase from the previous dividend and a notably low payout ratio of 14.04%.

Strs Ohio purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 250,880 shares of the company's stock, valued at approximately $32,547,000. Strs Ohio owned approximately 0.06% of Howmet Aerospace at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbour Investments Inc. raised its position in shares of Howmet Aerospace by 10.1% in the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company's stock valued at $145,000 after buying an additional 102 shares in the last quarter. PFG Advisors raised its position in Howmet Aerospace by 37.9% during the first quarter. PFG Advisors now owns 9,593 shares of the company's stock valued at $1,245,000 after purchasing an additional 2,635 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Howmet Aerospace by 233.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock valued at $18,277,000 after purchasing an additional 98,642 shares in the last quarter. Park Avenue Securities LLC raised its position in Howmet Aerospace by 126.1% during the first 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 raised its position in Howmet Aerospace by 65.4% during the first 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. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Performance

NYSE HWM opened at $184.11 on Friday. The firm's fifty day moving average price is $180.20 and its two-hundred day moving average price is $158.83. The stock has a market cap of $74.22 billion, a PE ratio of 53.83, a PEG ratio of 2.38 and a beta of 1.45. Howmet Aerospace Inc. has a fifty-two week low of $92.77 and a fifty-two week high of $193.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31.

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

Howmet Aerospace Increases Dividend

The firm also recently disclosed 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 positive change from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, August 8th. Howmet Aerospace's payout ratio is presently 14.04%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HWM. BTIG Research set a $205.00 price objective on shares of Howmet Aerospace and gave the company a "buy" rating in a research report on Monday, August 4th. Truist Financial boosted their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Bank of America boosted their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Susquehanna boosted their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace 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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