Howmet Aerospace (NYSE:HWM) Sets New 12-Month High – Time to Buy?

Howmet Aerospace Inc. (NYSE:HWM)’s share price reached a new 52-week high on Thursday . The stock traded as high as $227.94 and last traded at $220.3370, with a volume of 3286 shares traded. The stock had previously closed at $225.00.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HWM. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a research note on Monday, November 3rd. UBS Group raised their price target on Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a report on Friday, October 31st. Truist Financial set a $258.00 price target on Howmet Aerospace in a research report on Friday, January 9th. BTIG Research upped their price target on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada raised their price objective on shares of Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Stock Down 3.4%

The stock has a market cap of $87.39 billion, a PE ratio of 61.33, a PEG ratio of 2.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The company has a 50 day moving average price of $205.86 and a two-hundred day moving average price of $193.90.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the firm posted $0.81 earnings per share. Howmet Aerospace’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 and its Q4 2025 guidance at 0.940-0.960 EPS. Analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Friday, February 6th will be paid a $0.12 dividend. The ex-dividend date is Friday, February 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is currently 13.48%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HWM. Voya Investment Management LLC lifted its stake in Howmet Aerospace by 9.1% in the third quarter. Voya Investment Management LLC now owns 1,247,220 shares of the company’s stock worth $244,742,000 after acquiring an additional 104,207 shares during the period. Nordea Investment Management AB grew its holdings in Howmet Aerospace by 59.2% in the third quarter. Nordea Investment Management AB now owns 1,401,335 shares of the company’s stock worth $273,288,000 after purchasing an additional 521,180 shares during the last quarter. Shell Asset Management Co. increased its position in shares of Howmet Aerospace by 135.6% during the second quarter. Shell Asset Management Co. now owns 12,420 shares of the company’s stock worth $2,312,000 after purchasing an additional 7,148 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in Howmet Aerospace in the third quarter valued at about $1,581,000. Finally, Greenup Street Wealth Management LLC raised its position in shares of Howmet Aerospace by 76.3% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 20,972 shares of the company’s stock valued at $4,115,000 after purchasing an additional 9,078 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.