Howmet Aerospace Inc. $HWM Shares Purchased by Townsquare Capital LLC

Key Points

• Townsquare Capital LLC increased its stake in Howmet Aerospace by 118.2%, owning 6,783 shares valued at $880,000.
• Analysts have boosted their price targets for Howmet Aerospace, with Susquehanna and Morgan Stanley setting new targets of $210.00 and Bank of America increasing theirs to $215.00.
• Howmet Aerospace announced an increase in its quarterly dividend from $0.10 to $0.12 per share, with a current dividend yield of 0.3%.

Townsquare Capital LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 118.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,783 shares of the company's stock after purchasing an additional 3,675 shares during the period. Townsquare Capital LLC's holdings in Howmet Aerospace were worth $880,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Howmet Aerospace by 1.5% during the first quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company's stock worth $6,202,814,000 after purchasing an additional 695,953 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Howmet Aerospace by 0.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,213,937 shares of the company's stock worth $1,445,210,000 after purchasing an additional 80,972 shares in the last quarter. Janus Henderson Group PLC raised its holdings in Howmet Aerospace by 10.3% during the fourth quarter. Janus Henderson Group PLC now owns 10,947,354 shares of the company's stock worth $1,197,315,000 after purchasing an additional 1,026,130 shares in the last quarter. Capital World Investors raised its holdings in Howmet Aerospace by 13.3% during the fourth quarter. Capital World Investors now owns 4,855,273 shares of the company's stock worth $531,021,000 after purchasing an additional 570,567 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Howmet Aerospace by 10.5% during the fourth quarter. Northern Trust Corp now owns 3,676,908 shares of the company's stock worth $402,143,000 after purchasing an additional 349,384 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Howmet Aerospace from $118.00 to $145.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" 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. Susquehanna increased their target price on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a report on Monday, July 14th. Finally, Truist Financial increased their target price on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Price Performance

Shares of HWM traded up $0.1750 during mid-day trading on Tuesday, reaching $173.2250. 376,196 shares of the company's stock were exchanged, compared to its average volume of 3,026,305. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The company has a 50-day simple moving average of $179.83 and a two-hundred day simple moving average of $153.52. Howmet Aerospace Inc. has a 52-week low of $90.71 and a 52-week high of $193.26. The company has a market cap of $69.83 billion, a price-to-earnings ratio of 50.63, a PEG ratio of 2.22 and a beta of 1.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. During the same period last year, the company posted $0.67 EPS. 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, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date is Friday, August 8th. Howmet Aerospace's dividend payout ratio (DPR) is 14.04%.

Howmet Aerospace Company 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.