Thrivent Financial for Lutherans Has $154.71 Million Stock Position in Howmet Aerospace Inc. $HWM

Thrivent Financial for Lutherans trimmed its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 39.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 831,198 shares of the company’s stock after selling 548,439 shares during the quarter. Thrivent Financial for Lutherans owned about 0.21% of Howmet Aerospace worth $154,709,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Traub Capital Management LLC bought a new stake in Howmet Aerospace during the second quarter worth $25,000. Winnow Wealth LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth $25,000. Newbridge Financial Services Group Inc. lifted its position in shares of Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Howmet Aerospace during the 2nd quarter worth $32,000. Finally, Rise Advisors LLC boosted its stake in Howmet Aerospace by 32.4% in the first quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after buying an additional 66 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HWM shares. BTIG Research lifted their price target on Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. TD Cowen boosted their target price on shares of Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, October 31st. BNP Paribas upgraded shares of Howmet Aerospace to a “strong-buy” rating in a research report on Tuesday, November 18th. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research note on Monday, November 3rd. Finally, UBS Group lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.75.

Howmet Aerospace Price Performance

Shares of HWM opened at $198.29 on Friday. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The business’s fifty day moving average is $198.40 and its 200 day moving average is $186.61. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $211.95. The stock has a market cap of $79.72 billion, a P/E ratio of 55.70, a P/E/G ratio of 2.27 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter last year, the company earned $0.81 earnings per share. 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. Sell-side analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

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

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.