Munro Partners Lowers Stock Position in Howmet Aerospace Inc. $HWM

Munro Partners lessened its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 58.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,688 shares of the company’s stock after selling 82,202 shares during the quarter. Munro Partners’ holdings in Howmet Aerospace were worth $11,516,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HWM. GLOBALT Investments LLC GA purchased a new position in shares of Howmet Aerospace in the 3rd quarter valued at about $653,000. OLD National Bancorp IN grew its holdings in Howmet Aerospace by 14.7% in the third quarter. OLD National Bancorp IN now owns 1,423 shares of the company’s stock valued at $279,000 after purchasing an additional 182 shares during the period. Patton Fund Management Inc. grew its holdings in Howmet Aerospace by 1,034.4% in the third quarter. Patton Fund Management Inc. now owns 18,400 shares of the company’s stock valued at $3,611,000 after purchasing an additional 16,778 shares during the period. HBK Sorce Advisory LLC purchased a new stake in shares of Howmet Aerospace in the third quarter valued at approximately $225,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Howmet Aerospace by 144.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,398 shares of the company’s stock worth $2,040,000 after buying an additional 6,146 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. TD Cowen increased their price objective on shares of Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a report on Friday, October 31st. Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Citigroup started coverage on Howmet Aerospace in a report on Thursday, December 11th. They issued a “buy” rating and a $246.00 price objective on the stock. Finally, Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $218.75.

Howmet Aerospace Price Performance

NYSE:HWM opened at $209.57 on Wednesday. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $211.95. The stock has a market cap of $84.26 billion, a PE ratio of 58.87, a P/E/G ratio of 2.38 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The stock has a 50 day moving average price of $199.87 and a 200 day moving average price of $188.08.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (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 during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the prior year, the business earned $0.81 EPS. The firm’s quarterly 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. Equities research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, November 7th. Howmet Aerospace’s payout ratio is presently 13.48%.

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.