1,337 Shares in Howmet Aerospace Inc. $HWM Bought by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,337 shares of the company’s stock, valued at approximately $249,000.

Several other hedge funds also recently made changes to their positions in the company. Good Life Advisors LLC increased its position in shares of Howmet Aerospace by 3.2% during the second quarter. Good Life Advisors LLC now owns 35,498 shares of the company’s stock worth $6,607,000 after purchasing an additional 1,108 shares in the last quarter. Impax Asset Management Group plc purchased a new position in Howmet Aerospace during the 2nd quarter worth approximately $1,088,000. Police & Firemen s Retirement System of New Jersey increased its position in Howmet Aerospace by 2.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 60,888 shares of the company’s stock worth $11,333,000 after buying an additional 1,684 shares during the period. Geode Capital Management LLC lifted its stake 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 valued at $2,032,221,000 after buying an additional 719,888 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Howmet Aerospace by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 72,498 shares of the company’s stock valued at $13,494,000 after buying an additional 511 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $201.34 on Friday. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The company has a market cap of $80.95 billion, a P/E ratio of 58.87, a PEG ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $211.95. The company has a 50-day moving average price of $194.21 and a 200 day moving average price of $180.34.

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

Howmet Aerospace Announces Dividend

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

Analysts Set New Price Targets

HWM has been the topic of a number of recent research reports. Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a report on Monday, November 3rd. Cowen restated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Morgan Stanley set a $225.00 target price on shares of Howmet Aerospace and gave the company an “overweight” rating in a report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Zacks Research cut Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $215.29.

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.