PFG Advisors Purchases 1,681 Shares of Howmet Aerospace Inc. $HWM

PFG Advisors raised its position in Howmet Aerospace Inc. (NYSE:HWM) by 17.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,274 shares of the company’s stock after buying an additional 1,681 shares during the period. PFG Advisors’ holdings in Howmet Aerospace were worth $2,098,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Harbour Investments Inc. grew its stake in Howmet Aerospace by 10.1% in the first quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock valued at $145,000 after acquiring an additional 102 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Howmet Aerospace during the 2nd quarter worth approximately $40,949,000. Assetmark Inc. raised its holdings in Howmet Aerospace by 1,288.0% during the 2nd quarter. Assetmark Inc. now owns 8,883 shares of the company’s stock worth $1,653,000 after buying an additional 8,243 shares during the period. Asahi Life Asset Management CO. LTD. bought a new position in Howmet Aerospace in the second quarter valued at approximately $491,000. Finally, Diversified Trust Co boosted its holdings in shares of Howmet Aerospace by 13.5% in the second quarter. Diversified Trust Co now owns 22,297 shares of the company’s stock valued at $4,150,000 after buying an additional 2,645 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

NYSE:HWM opened at $206.66 on Monday. 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 firm has a fifty day simple moving average of $191.73 and a 200 day simple moving average of $178.97. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $211.95. The stock has a market capitalization of $83.09 billion, a PE ratio of 60.43, a P/E/G ratio of 2.64 and a beta of 1.47.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm 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. On average, research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 13.48%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HWM shares. Royal Bank Of Canada upped their target price on shares of Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Bank of America increased their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. The Goldman Sachs Group upped their price target on Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Susquehanna set a $235.00 price objective on shares of Howmet Aerospace and gave the company a “positive” rating in a report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $210.14.

About Howmet Aerospace

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.