United Services Automobile Association Takes Position in Howmet Aerospace Inc. $HWM

Key Points

• United Services Automobile Association invested approximately $1.22 million to acquire shares of Howmet Aerospace, purchasing 9,389 shares during the first quarter.
• Howmet Aerospace reported a 9.2% increase in quarterly revenue year-over-year, totaling $2.05 billion, with an EPS of $0.91 surpassing analysts' estimates.
• The company recently increased its quarterly dividend to $0.12 per share, marking a boost from the previous $0.10 and reflecting a dividend yield of 0.3%.

United Services Automobile Association purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,389 shares of the company's stock, valued at approximately $1,218,000.

Other institutional investors have also recently made changes to their positions in the company. 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 valued at $145,000 after buying an additional 102 shares during the last quarter. PFG Advisors grew its holdings in shares of Howmet Aerospace by 37.9% during the first quarter. PFG Advisors now owns 9,593 shares of the company's stock valued at $1,245,000 after buying an additional 2,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Howmet Aerospace by 233.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 140,883 shares of the company's stock valued at $18,277,000 after buying an additional 98,642 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Howmet Aerospace by 126.1% during the first quarter. Park Avenue Securities LLC now owns 24,207 shares of the company's stock valued at $3,140,000 after buying an additional 13,500 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Howmet Aerospace by 65.4% during the first quarter. Private Trust Co. NA now owns 673 shares of the company's stock valued at $87,000 after buying an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HWM shares. Morgan Stanley increased their price objective 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. Susquehanna increased their price objective on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research report on Monday, July 14th. Barclays restated an "overweight" rating and set a $190.00 price objective (up previously from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Truist Financial increased their price objective on shares of Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Finally, Vertical Research reissued 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 issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $172.13.

Howmet Aerospace Stock Performance

HWM traded up $0.31 during trading on Thursday, hitting $184.11. The company's stock had a trading volume of 2,000,038 shares, compared to its average volume of 2,142,323. 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 one year low of $92.77 and a one year high of $193.26. The firm has a market cap of $74.22 billion, a PE ratio of 53.83, a P/E/G ratio of 2.38 and a beta of 1.45. The business's 50 day simple moving average is $180.20 and its 200-day simple moving average is $158.83.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly 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. 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 for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm earned $0.67 earnings per share. The company's quarterly 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. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date 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 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.