Virtus Investment Advisers LLC Sells 1,034 Shares of Howmet Aerospace Inc. $HWM

Virtus Investment Advisers LLC cut its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 9.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,207 shares of the company’s stock after selling 1,034 shares during the quarter. Howmet Aerospace comprises 0.6% of Virtus Investment Advisers LLC’s investment portfolio, making the stock its 11th biggest holding. Virtus Investment Advisers LLC’s holdings in Howmet Aerospace were worth $1,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Howmet Aerospace by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock worth $9,022,725,000 after buying an additional 662,132 shares during the period. JPMorgan Chase & Co. boosted its stake in Howmet Aerospace by 30.1% during the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after acquiring an additional 7,356,077 shares in the last quarter. Geode Capital Management LLC grew its holdings in Howmet Aerospace by 7.0% in the second quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock worth $2,032,221,000 after purchasing an additional 719,888 shares during the period. Norges Bank bought a new position in shares of Howmet Aerospace during the second quarter valued at approximately $1,633,157,000. Finally, Invesco Ltd. raised its stake in Howmet Aerospace by 8.3% during the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock valued at $949,006,000 after buying an additional 563,109 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Up 0.5%

Howmet Aerospace stock opened at $204.61 on Friday. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $211.95. The stock has a fifty day moving average of $197.62 and a 200 day moving average of $183.94. 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 $82.26 billion, a PE ratio of 59.83, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the previous year, the company posted $0.81 EPS. The business’s quarterly revenue 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. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, November 7th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Vertical Research reissued a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. UBS Group boosted their price objective on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. BNP Paribas Exane started coverage on Howmet Aerospace in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price objective on the stock. Cowen reissued a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Finally, Susquehanna set a $235.00 price target on Howmet Aerospace and gave the stock a “positive” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $216.93.

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.