2,000 Shares in Howmet Aerospace Inc. $HWM Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,000 shares of the company’s stock, valued at approximately $372,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Howmet Aerospace by 1.5% in the first quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company’s stock valued at $6,202,814,000 after acquiring an additional 695,953 shares during the period. JPMorgan Chase & Co. grew its stake in Howmet Aerospace by 21.1% in the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock valued at $3,171,970,000 after acquiring an additional 4,252,401 shares during the period. Invesco Ltd. grew its stake in Howmet Aerospace by 8.3% in the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock valued at $949,006,000 after acquiring an additional 563,109 shares during the period. Northern Trust Corp grew its stake in Howmet Aerospace by 1.3% in the first quarter. Northern Trust Corp now owns 3,722,871 shares of the company’s stock valued at $482,968,000 after acquiring an additional 45,963 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Howmet Aerospace by 6.1% in the first quarter. Ameriprise Financial Inc. now owns 3,589,432 shares of the company’s stock valued at $465,666,000 after acquiring an additional 206,397 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HWM shares. Royal Bank Of Canada raised their price objective on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday. Vertical Research reissued a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. UBS Group raised their price objective on Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research note on Friday. Susquehanna set a $235.00 target price on Howmet Aerospace and gave the company a “positive” rating in a research report on Friday. Finally, Truist Financial lifted their target price on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Fifteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $194.57.

Howmet Aerospace Stock Up 2.3%

Shares of NYSE:HWM opened at $206.47 on Monday. The stock has a market cap of $83.23 billion, a price-to-earnings ratio of 60.37, a PEG ratio of 2.64 and a beta of 1.45. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 12-month low of $99.10 and a 12-month high of $211.95. The business’s 50 day moving average is $188.59 and its 200 day moving average is $176.08.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 28.17% and a net margin of 18.09%.Howmet Aerospace’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company 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, sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

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.