Trust Point Inc. Purchases Shares of 1,865 Howmet Aerospace Inc. $HWM

Key Points

• Trust Point Inc. has purchased 1,865 shares of Howmet Aerospace (NYSE:HWM) valued at approximately $347,000, indicating growing interest among institutional investors in the aerospace sector.
• Howmet Aerospace's recent earnings report showed a 9.2% year-over-year increase in revenue, with earnings per share of $0.91, exceeding analysts' expectations by $0.04.
• The company has raised its quarterly dividend from $0.10 to $0.12, marking an increase in shareholder returns alongside a modest yield of 0.3%.

Trust Point Inc. bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,865 shares of the company's stock, valued at approximately $347,000.

Other hedge funds also recently modified their holdings of the company. Harbour Investments Inc. raised its stake in Howmet Aerospace by 10.1% in the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company's stock worth $145,000 after purchasing an additional 102 shares in the last quarter. PFG Advisors raised its stake in Howmet Aerospace by 37.9% in the 1st 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 increased its position in shares of Howmet Aerospace by 233.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock worth $18,277,000 after purchasing an additional 98,642 shares during the period. Park Avenue Securities LLC increased its position in shares of Howmet Aerospace by 126.1% in the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock worth $3,140,000 after purchasing an additional 13,500 shares during the period. Finally, Private Trust Co. NA increased its position in shares of Howmet Aerospace by 65.4% in the first quarter. Private Trust Co. NA now owns 673 shares of the company's stock worth $87,000 after purchasing an additional 266 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Trading Down 0.8%

Shares of HWM stock traded down $1.46 during mid-day trading on Friday, reaching $190.38. 4,620,857 shares of the stock traded hands, compared to its average volume of 2,070,371. Howmet Aerospace Inc. has a 1-year low of $96.52 and a 1-year high of $193.26. 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 market cap of $76.75 billion, a price-to-earnings ratio of 55.67, a price-to-earnings-growth ratio of 2.46 and a beta of 1.45. The stock's fifty day simple moving average is $181.21 and its two-hundred day simple moving average is $161.39.

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 analyst estimates of $1.99 billion. During the same period in the previous year, the firm posted $0.67 EPS. The company's revenue for the quarter was up 9.2% compared to the same quarter last year. 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 EPS for the current fiscal 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 issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, August 8th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's payout ratio is presently 14.04%.

Analyst Ratings Changes

A number of research analysts recently commented on HWM shares. Truist Financial raised their price target on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Wall Street Zen upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley boosted their target price 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. Barclays restated an "overweight" rating and issued a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Finally, Vertical Research restated a "buy" rating on shares of Howmet Aerospace in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $172.13.

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.