Jupiter Asset Management Ltd. Sells 112,480 Shares of Howmet Aerospace Inc. $HWM

Jupiter Asset Management Ltd. cut its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 17.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 515,749 shares of the company’s stock after selling 112,480 shares during the period. Howmet Aerospace makes up 0.8% of Jupiter Asset Management Ltd.’s holdings, making the stock its 21st biggest holding. Jupiter Asset Management Ltd.’s holdings in Howmet Aerospace were worth $95,996,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake 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 purchasing an additional 4,252,401 shares during the last quarter. Nuveen LLC bought a new position in shares of Howmet Aerospace in the first quarter valued at approximately $366,209,000. Westfield Capital Management Co. LP bought a new position in shares of Howmet Aerospace in the first quarter valued at approximately $147,251,000. Nordea Investment Management AB boosted its position in shares of Howmet Aerospace by 1,340.2% during the second quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock valued at $163,137,000 after buying an additional 819,040 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Howmet Aerospace by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company’s stock worth $271,781,000 after buying an additional 771,271 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $208.94 on Wednesday. The company has a market capitalization 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’s 50-day moving average is $193.15 and its 200 day moving average is $180.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $211.95.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HWM shares. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a research note on Monday, November 3rd. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a report on Monday. Cowen reissued a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Fourteen investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.79.

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.