Gamco Investors INC. ET AL Trims Stock Holdings in Howmet Aerospace Inc. $HWM

Gamco Investors INC. ET AL lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 11.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,880 shares of the company’s stock after selling 7,464 shares during the period. Gamco Investors INC. ET AL’s holdings in Howmet Aerospace were worth $7,768,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HWM. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Howmet Aerospace by 3,921.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,689 shares of the company’s stock worth $219,000 after buying an additional 1,647 shares during the period. Comerica Bank raised its holdings in Howmet Aerospace by 87.3% during the 1st quarter. Comerica Bank now owns 132,227 shares of the company’s stock valued at $17,154,000 after acquiring an additional 61,624 shares during the period. ICONIQ Capital LLC purchased a new stake in shares of Howmet Aerospace during the first quarter worth $312,000. Quantitative Investment Management LLC lifted its position in shares of Howmet Aerospace by 60.3% during the first quarter. Quantitative Investment Management LLC now owns 14,797 shares of the company’s stock worth $1,919,000 after acquiring an additional 5,567 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Howmet Aerospace by 44.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,327 shares of the company’s stock worth $432,000 after acquiring an additional 1,022 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Howmet Aerospace in a research note on Monday, June 30th. Susquehanna raised their target price on Howmet Aerospace from $170.00 to $210.00 and gave the stock a “positive” rating in a research note on Monday, July 14th. Wells Fargo & Company upped their price target on Howmet Aerospace from $118.00 to $145.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Morgan Stanley increased their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the stock an “overweight” rating in a report on Thursday, July 17th. Finally, Bank of America raised their price objective on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $172.13.

Howmet Aerospace Stock Performance

Shares of HWM opened at $175.92 on Thursday. Howmet Aerospace Inc. has a 12-month low of $90.71 and a 12-month high of $193.26. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. The company has a market cap of $70.92 billion, a PE ratio of 51.44, a price-to-earnings-growth ratio of 2.28 and a beta of 1.48. The stock has a 50-day moving average price of $180.15 and a 200-day moving average price of $155.37.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.04. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. Howmet Aerospace’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.67 earnings per share. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given a dividend of $0.12 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Howmet Aerospace’s dividend payout ratio is 14.04%.

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.