Howmet Aerospace Inc. $HWM Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its holdings in Howmet Aerospace Inc. by 1.2%, selling 2,802 shares to own a total of 240,471 shares valued at approximately $31.2 million.
• Analyst ratings for Howmet Aerospace have been largely positive, with several firms raising their target prices and ratings, including Barclays and JPMorgan, which both set a new target price of $190.00.
• Howmet Aerospace recently increased its quarterly dividend from $0.10 to $0.12 per share, representing an annualized dividend yield of 0.3% and a payout ratio of 14.04%.

The Manufacturers Life Insurance Company cut its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 1.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 240,471 shares of the company's stock after selling 2,802 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of Howmet Aerospace worth $31,196,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Driehaus Capital Management LLC lifted its position in shares of Howmet Aerospace by 42.5% during the 1st quarter. Driehaus Capital Management LLC now owns 188,567 shares of the company's stock worth $24,463,000 after purchasing an additional 56,237 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Howmet Aerospace by 17.0% in the first quarter. Canada Pension Plan Investment Board now owns 383,497 shares of the company's stock valued at $49,751,000 after buying an additional 55,821 shares in the last quarter. WPG Advisers LLC purchased a new stake in Howmet Aerospace during the 1st quarter worth about $65,000. B. Metzler seel. Sohn & Co. AG boosted its holdings in Howmet Aerospace by 10.8% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 230,682 shares of the company's stock valued at $29,926,000 after purchasing an additional 22,442 shares in the last quarter. Finally, Silvant Capital Management LLC purchased a new position in shares of Howmet Aerospace in the 1st quarter valued at $1,162,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded down $1.38 during trading on Friday, reaching $178.15. The company's stock had a trading volume of 2,016,261 shares, compared to its average volume of 2,987,969. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 12-month low of $90.71 and a 12-month high of $193.26. The business has a 50 day moving average price of $180.20 and a 200-day moving average price of $157.24. The company has a market capitalization of $71.82 billion, a P/E ratio of 52.09, a price-to-earnings-growth ratio of 2.26 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. 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, sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 8th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is presently 14.04%.

Analysts Set New Price Targets

HWM has been the subject of several research reports. Barclays reissued an "overweight" rating and issued a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Morgan Stanley increased their price objective on Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. 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. Royal Bank Of Canada reiterated an "outperform" rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Finally, Bank of America raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

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.