Veracity Capital LLC Sells 2,188 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Veracity Capital LLC reduced its investment in Howmet Aerospace Inc. by 27.4%, selling 2,188 shares, and now holds 5,802 shares valued at approximately $1,080,000.
• Howmet Aerospace reported a quarterly EPS of $0.91, exceeding analyst expectations of $0.87, and its revenue increased by 9.2% year-over-year to $2.05 billion.
• The company recently increased its quarterly dividend to $0.12 per share, reflecting a 0.3% annual yield, up from $0.10 previously.

Veracity Capital LLC lessened its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 27.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,802 shares of the company's stock after selling 2,188 shares during the period. Veracity Capital LLC's holdings in Howmet Aerospace were worth $1,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in HWM. Harbour Investments Inc. lifted its position in Howmet Aerospace by 10.1% during the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company's stock worth $145,000 after acquiring an additional 102 shares during the period. PFG Advisors boosted its holdings in Howmet Aerospace by 37.9% in the first quarter. PFG Advisors now owns 9,593 shares of the company's stock valued at $1,245,000 after acquiring an additional 2,635 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake 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 worth $18,277,000 after purchasing an additional 98,642 shares in the last quarter. Park Avenue Securities LLC lifted its stake 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 worth $3,140,000 after purchasing an additional 13,500 shares in the last quarter. Finally, Private Trust Co. NA increased its position 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 worth $87,000 after acquiring an additional 266 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

HWM 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 company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The stock has a market cap of $76.75 billion, a P/E ratio of 55.67, a P/E/G ratio of 2.48 and a beta of 1.45. Howmet Aerospace Inc. has a fifty-two week low of $96.52 and a fifty-two week high of $193.26. The company's fifty day moving average is $181.21 and its 200 day moving average is $161.17.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm's quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the prior year, the company 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, 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 disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.12 dividend. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. The ex-dividend date was Friday, August 8th. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace's dividend payout ratio (DPR) is currently 14.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Morgan Stanley upped their target price 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 price target on Howmet Aerospace and gave the company a "buy" rating in a report on Monday, August 4th. Zacks Research raised shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Barclays reiterated an "overweight" rating and issued a $190.00 price objective (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Finally, 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 research note on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.