OMERS ADMINISTRATION Corp Sells 2,400 Shares of Howmet Aerospace Inc. $HWM

OMERS ADMINISTRATION Corp decreased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,895 shares of the company’s stock after selling 2,400 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Howmet Aerospace were worth $5,006,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Howmet Aerospace by 1.4% during the second quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock valued at $9,022,725,000 after purchasing an additional 662,132 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after buying an additional 7,356,077 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Howmet Aerospace by 7.0% during the 2nd quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock worth $2,032,221,000 after acquiring an additional 719,888 shares during the last quarter. Norges Bank purchased a new position in Howmet Aerospace in the second quarter worth $1,633,157,000. Finally, Invesco Ltd. increased its stake in Howmet Aerospace by 8.3% in the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock valued at $949,006,000 after acquiring an additional 563,109 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Down 2.9%

Shares of Howmet Aerospace stock opened at $198.75 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $211.95. The company’s 50 day moving average price is $198.03 and its 200-day moving average price is $184.90. The stock has a market capitalization of $79.91 billion, a price-to-earnings ratio of 58.11, a P/E/G ratio of 2.64 and a beta of 1.47.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results 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. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm’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 company posted $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. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. The Goldman Sachs Group increased their price target on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Cowen restated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. BNP Paribas Exane started coverage on shares of Howmet Aerospace in a report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 target price on the stock. Finally, Susquehanna set a $235.00 target price on shares of Howmet Aerospace and gave the stock a “positive” rating in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $216.93.

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.