Los Angeles Capital Management LLC Has $244.04 Million Stock Position in Howmet Aerospace Inc. $HWM

Los Angeles Capital Management LLC lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,243,617 shares of the company’s stock after buying an additional 40,705 shares during the period. Howmet Aerospace comprises approximately 0.8% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Los Angeles Capital Management LLC owned approximately 0.31% of Howmet Aerospace worth $244,035,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of HWM. Vanguard Group Inc. increased its holdings in Howmet Aerospace by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock worth $9,022,725,000 after purchasing an additional 662,132 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Howmet Aerospace by 30.1% during the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after purchasing an additional 7,356,077 shares during the last quarter. State Street Corp increased its stake in shares of Howmet Aerospace by 1.2% in the second quarter. State Street Corp now owns 17,686,075 shares of the company’s stock valued at $3,291,909,000 after buying an additional 205,424 shares during the period. Geode Capital Management LLC raised its holdings in Howmet Aerospace by 7.0% in the 2nd quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock valued at $2,032,221,000 after buying an additional 719,888 shares during the last quarter. Finally, Norges Bank acquired a new stake in Howmet Aerospace during the 2nd quarter worth approximately $1,633,157,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HWM shares. Zacks Research lowered Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Industrial Alliance Securities set a $240.00 target price on Howmet Aerospace in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. TD Cowen raised their price objective on shares of Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Finally, BNP Paribas upgraded shares of Howmet Aerospace to a “strong-buy” rating in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $218.75.

Howmet Aerospace Stock Performance

HWM stock opened at $207.66 on Wednesday. The business has a 50 day moving average of $201.67 and a 200-day moving average of $189.48. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $212.52. The firm has a market cap of $83.49 billion, a PE ratio of 58.33, a P/E/G ratio of 2.40 and a beta of 1.32.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. Howmet Aerospace’s revenue was up 13.8% on a year-over-year basis. 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. As a group, sell-side analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Profile

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.