Howmet Aerospace Inc. $HWM Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc raised its stake in Howmet Aerospace Inc. (NYSE:HWM) by 40.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,079 shares of the company’s stock after acquiring an additional 3,471 shares during the quarter. Prospera Financial Services Inc’s holdings in Howmet Aerospace were worth $2,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. RWA Wealth Partners LLC purchased a new stake in Howmet Aerospace during the 2nd quarter worth about $667,000. AE Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 98.6% during the 2nd quarter. AE Wealth Management LLC now owns 4,486 shares of the company’s stock worth $835,000 after purchasing an additional 2,227 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in shares of Howmet Aerospace during the second quarter worth about $60,000. Penserra Capital Management LLC grew its holdings in shares of Howmet Aerospace by 450.0% during the second quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock worth $36,000 after buying an additional 162 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC acquired a new position in shares of Howmet Aerospace in the second quarter valued at approximately $270,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Barclays reissued an “overweight” rating and set a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. The Goldman Sachs Group raised their price objective on Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. increased their target price on Howmet Aerospace from $190.00 to $227.00 and gave the stock an “overweight” rating in a research report on Monday. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $212.79.

Howmet Aerospace Price Performance

HWM stock opened at $209.66 on Tuesday. The stock has a 50-day moving average price of $192.44 and a two-hundred day moving average price of $179.51. The company has a market cap of $84.30 billion, a PE ratio of 61.30, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $211.95.

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

Howmet Aerospace Dividend Announcement

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

Howmet Aerospace 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.