Smithfield Trust Co Trims Holdings in Howmet Aerospace Inc. $HWM

Smithfield Trust Co decreased its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 5.7% during the second quarter, Holdings Channel.com reports. The fund owned 4,930 shares of the company’s stock after selling 298 shares during the quarter. Smithfield Trust Co’s holdings in Howmet Aerospace were worth $916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Harbour Investments Inc. raised its holdings in Howmet Aerospace by 10.1% during 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. PFG Advisors grew its position in shares of Howmet Aerospace by 37.9% during the first quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after purchasing an additional 2,635 shares in the last quarter. Forsta AP Fonden grew its position in shares of Howmet Aerospace by 27.7% during the second quarter. Forsta AP Fonden now owns 174,900 shares of the company’s stock worth $32,554,000 after purchasing an additional 37,900 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $40,949,000. Finally, Assetmark Inc. lifted its holdings in Howmet Aerospace by 1,288.0% in the 2nd quarter. Assetmark Inc. now owns 8,883 shares of the company’s stock worth $1,653,000 after purchasing an additional 8,243 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HWM. Wall Street Zen raised shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. JPMorgan Chase & Co. raised their target price on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a report on Monday, November 3rd. The Goldman Sachs Group increased their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Royal Bank Of Canada raised their price objective on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $212.79.

Howmet Aerospace Stock Down 1.9%

Shares of NYSE HWM opened at $204.96 on Thursday. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65. Howmet Aerospace Inc. has a 12-month low of $105.04 and a 12-month high of $211.95. The firm’s 50-day moving average price is $193.77 and its 200-day moving average price is $180.20. The stock has a market capitalization of $82.41 billion, a price-to-earnings ratio of 59.93, a P/E/G ratio of 2.64 and a beta of 1.47.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 28.17% and a net margin of 18.09%.The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. 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, equities research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

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.