Howmet Aerospace Inc. $HWM Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management has increased its stake in Howmet Aerospace Inc. by 4.4%, owning 64,436 shares valued at approximately $11.99 million following the acquisition of 2,717 additional shares.
• Howmet Aerospace has recently experienced positive ratings from analysts, with multiple firms setting price targets above $190, reflecting strong investor confidence and a consensus rating of "Moderate Buy".
• The company reported a 9.2% increase in year-over-year revenue and announced a quarterly dividend increase, boosting its payment from $0.10 to $0.12 per share, illustrating positive financial performance.

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,436 shares of the company's stock after acquiring an additional 2,717 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Howmet Aerospace were worth $11,993,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

HWM has been the topic of a number of research reports. 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 research 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 research report on Tuesday, August 5th. Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. Wall Street Zen upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, BTIG Research set a $205.00 target price on shares of Howmet Aerospace and gave the stock a "buy" rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Trading Down 0.8%

HWM traded down $1.46 during midday trading on Friday, hitting $190.38. The company's stock had a trading volume of 4,620,857 shares, compared to its average volume of 2,070,371. 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 firm has a market cap of $76.75 billion, a P/E ratio of 55.67, a PEG ratio of 2.48 and a beta of 1.45. The firm has a 50-day moving average price of $181.21 and a two-hundred day moving average price of $161.17. Howmet Aerospace Inc. has a 52-week low of $96.52 and a 52-week high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $1.99 billion. During the same quarter in the previous year, the business earned $0.67 EPS. The firm'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, research analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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