VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Stake in Howmet Aerospace Inc. $HWM

Key Points

• The Virginia Retirement Systems ET Al purchased 220,000 shares of Howmet Aerospace Inc. for approximately $40.95 million, increasing its stake to about 0.05%.
• Research analysts have mixed views on Howmet Aerospace, with Truist Financial raising its price target to $217 and others like Zacks Research lowering their rating to "hold."
• Howmet Aerospace announced a quarterly dividend of $0.12 per share, with an annualized yield of 0.3% and a current dividend payout ratio of 14.04%.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 220,000 shares of the company's stock, valued at approximately $40,949,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of Howmet Aerospace as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 21.1% during the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company's stock valued at $3,171,970,000 after buying an additional 4,252,401 shares during the last quarter. Nuveen LLC bought a new stake in Howmet Aerospace during the 1st quarter valued at $366,209,000. Westfield Capital Management Co. LP bought a new stake in Howmet Aerospace during the 1st quarter valued at $147,251,000. Nordea Investment Management AB raised its holdings in Howmet Aerospace by 1,340.2% in the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company's stock worth $163,137,000 after purchasing an additional 819,040 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Howmet Aerospace by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company's stock worth $271,781,000 after purchasing an additional 771,271 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial upped their price objective on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a "buy" rating in a report on Wednesday. Zacks Research lowered shares of Howmet Aerospace from a "strong-buy" rating to a "hold" rating in a report on Friday, September 26th. Barclays restated 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. Wall Street Zen upgraded shares of Howmet Aerospace from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, BTIG Research set a $205.00 price target on shares of Howmet Aerospace and gave the stock a "buy" rating in a research note on Monday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $178.00.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $189.64 on Friday. The firm's 50-day moving average price is $183.61 and its 200-day moving average price is $169.96. 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 $76.45 billion, a PE ratio of 55.45, a PEG ratio of 2.46 and a beta of 1.45. Howmet Aerospace Inc. has a 52-week low of $98.83 and a 52-week high of $198.48.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $1.99 billion. During the same quarter last year, the firm posted $0.67 EPS. The business's quarterly revenue 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. As a group, analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. 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%.

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.

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