ProShare Advisors LLC Has $14.76 Million Holdings in Howmet Aerospace Inc. $HWM

ProShare Advisors LLC increased its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,300 shares of the company’s stock after purchasing an additional 4,766 shares during the quarter. ProShare Advisors LLC’s holdings in Howmet Aerospace were worth $14,760,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Harbour Investments Inc. increased its stake in shares of Howmet Aerospace by 10.1% in 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 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. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Howmet Aerospace in the second quarter valued at approximately $40,949,000. Assetmark Inc. increased its position in Howmet Aerospace by 1,288.0% during the 2nd quarter. Assetmark Inc. now owns 8,883 shares of the company’s stock valued at $1,653,000 after purchasing an additional 8,243 shares during the period. Finally, Asahi Life Asset Management CO. LTD. bought a new position in Howmet Aerospace during the 2nd quarter worth approximately $491,000. 90.46% of the stock is owned by institutional investors.

Howmet Aerospace Trading Down 0.4%

HWM opened at $208.94 on Wednesday. The company has a fifty day moving average price of $193.15 and a two-hundred day moving average price of $180.02. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95. The company has a market cap of $84.01 billion, a P/E ratio of 61.09, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period last year, the business posted $0.81 EPS. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. Analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is currently 13.48%.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of analyst reports. Industrial Alliance Securities set a $240.00 price objective on shares of Howmet Aerospace in a research note on Monday, November 3rd. UBS Group boosted their target price on shares of Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. Susquehanna set a $235.00 price objective on Howmet Aerospace and gave the stock a “positive” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.79.

Howmet Aerospace 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.