Swedbank AB Boosts Stock Position in Howmet Aerospace Inc. $HWM

Key Points

• Swedbank AB increased its stake in Howmet Aerospace Inc. by 22.0% during Q2, holding a total of 165,869 shares valued at $30,873,000.
• Several large investors also expanded their positions, with institutional investors owning 90.46% of the stock.
• Howmet Aerospace beat earnings expectations for Q2, reporting $0.91 EPS and a revenue of $2.05 billion, reflecting a year-over-year revenue increase of 9.2%.

Swedbank AB grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 22.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,869 shares of the company's stock after acquiring an additional 29,922 shares during the quarter. Swedbank AB's holdings in Howmet Aerospace were worth $30,873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Baader Bank Aktiengesellschaft purchased a new stake in shares of Howmet Aerospace during the second quarter valued at $308,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Howmet Aerospace by 4.4% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 64,436 shares of the company's stock worth $11,993,000 after purchasing an additional 2,717 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Howmet Aerospace in the second quarter worth about $216,000. Defined Wealth Management LLC boosted its position in Howmet Aerospace by 2.8% in the second quarter. Defined Wealth Management LLC now owns 2,927 shares of the company's stock worth $545,000 after purchasing an additional 81 shares during the last quarter. Finally, Pines Wealth Management LLC boosted its position in Howmet Aerospace by 22.2% in the second quarter. Pines Wealth Management LLC now owns 2,176 shares of the company's stock worth $394,000 after purchasing an additional 395 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on HWM. Morgan Stanley raised their target price on Howmet Aerospace from $170.00 to $210.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen raised Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Vertical Research reissued a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a research note on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Trading Down 0.8%

Shares of Howmet Aerospace stock traded down $1.46 on Friday, reaching $190.38. The company had a trading volume of 4,620,857 shares, compared to its average volume of 2,070,371. The firm has a market cap of $76.75 billion, a price-to-earnings ratio of 55.67, a P/E/G ratio of 2.46 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. The firm's 50-day moving average price is $181.21 and its two-hundred day moving average price is $161.39. Howmet Aerospace Inc. has a 1 year low of $96.52 and a 1 year high of $193.26.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The company's quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter 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. As a group, research analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.12 dividend. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date was Friday, August 8th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

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.