KBC Group NV Acquires 184,217 Shares of Howmet Aerospace Inc. $HWM

KBC Group NV lifted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 450.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 225,135 shares of the company’s stock after buying an additional 184,217 shares during the quarter. KBC Group NV owned about 0.06% of Howmet Aerospace worth $41,904,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 21.1% during the first quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock worth $3,171,970,000 after acquiring an additional 4,252,401 shares in the last quarter. Nuveen LLC bought a new stake in shares of Howmet Aerospace during the 1st quarter valued at $366,209,000. Westfield Capital Management Co. LP bought a new stake in shares of Howmet Aerospace during the 1st quarter valued at $147,251,000. Nordea Investment Management AB lifted its holdings in Howmet Aerospace by 1,340.2% during the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock worth $163,137,000 after purchasing an additional 819,040 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Howmet Aerospace by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,094,971 shares of the company’s stock worth $271,781,000 after purchasing an additional 771,271 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Down 1.9%

HWM stock opened at $204.96 on Thursday. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95. The stock has a market cap of $82.41 billion, a price-to-earnings ratio of 59.93, 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. The company’s 50 day moving average is $193.77 and its 200 day moving average is $180.20.

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 firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s payout ratio is 13.48%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Susquehanna set a $235.00 target price on Howmet Aerospace and gave the company a “positive” rating in a report on Friday, October 31st. Vertical Research reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Thursday, July 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. 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, Barclays reissued an “overweight” rating and issued a $190.00 price target (up from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.79.

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.