Howmet Aerospace Inc. $HWM is Barometer Capital Management Inc.’s Largest Position

Barometer Capital Management Inc. decreased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 83,240 shares of the company’s stock after selling 11,070 shares during the period. Howmet Aerospace accounts for 4.6% of Barometer Capital Management Inc.’s investment portfolio, making the stock its largest position. Barometer Capital Management Inc.’s holdings in Howmet Aerospace were worth $15,483,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Traub Capital Management LLC bought a new position in shares of Howmet Aerospace in the second quarter valued at approximately $25,000. Winnow Wealth LLC purchased a new stake in Howmet Aerospace in the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new position in Howmet Aerospace in the 2nd quarter valued at $32,000. Penserra Capital Management LLC grew its position in shares of Howmet Aerospace by 450.0% during the 2nd quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock valued at $36,000 after purchasing an additional 162 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter worth $39,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.2%

Shares of HWM opened at $198.29 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $211.95. The firm has a 50 day moving average price of $198.40 and a 200-day moving average price of $186.49. The firm has a market cap of $79.72 billion, a price-to-earnings ratio of 55.70, a PEG ratio of 2.25 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. 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 firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HWM shares. UBS Group boosted their target price on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Truist Financial raised their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research note on Monday, November 3rd. Zacks Research cut shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $218.75.

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.