Stock Traders Purchase Large Volume of Howmet Aerospace Put Options (NYSE:HWM)

Howmet Aerospace Inc. (NYSE:HWM) saw some unusual options trading on Thursday. Stock traders acquired 3,932 put options on the stock. This is an increase of 59% compared to the typical volume of 2,478 put options.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Bank of America raised their price objective on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Cowen reissued a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Royal Bank Of Canada upped their price objective on Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Citigroup began coverage on Howmet Aerospace in a report on Thursday, December 11th. They issued a “buy” rating and a $246.00 target price for the company. Finally, Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $218.75.

Institutional Investors Weigh In On Howmet Aerospace

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its position in shares of Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock worth $279,000 after purchasing an additional 130 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Howmet Aerospace by 7.2% in the first quarter. HighTower Advisors LLC now owns 29,971 shares of the company’s stock valued at $3,888,000 after acquiring an additional 2,008 shares during the period. Cresset Asset Management LLC grew its position in shares of Howmet Aerospace by 7.5% during the first quarter. Cresset Asset Management LLC now owns 7,025 shares of the company’s stock worth $911,000 after acquiring an additional 489 shares during the last quarter. Northern Trust Corp grew its position in shares of Howmet Aerospace by 1.3% during the first quarter. Northern Trust Corp now owns 3,722,871 shares of the company’s stock worth $482,968,000 after acquiring an additional 45,963 shares during the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of Howmet Aerospace by 7.1% in the 1st quarter. Hsbc Holdings PLC now owns 857,554 shares of the company’s stock valued at $110,985,000 after acquiring an additional 56,903 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 3.9%

Shares of NYSE:HWM traded up $7.51 on Thursday, hitting $198.70. 408,790 shares of the company’s stock were exchanged, compared to its average volume of 2,721,174. Howmet Aerospace has a 1-year low of $105.04 and a 1-year high of $211.95. The company has a market capitalization of $79.89 billion, a PE ratio of 55.81, a P/E/G ratio of 2.23 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 firm’s 50-day moving average is $198.60 and its 200 day moving average is $187.12.

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 the consensus estimate of $0.91 by $0.04. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 earnings per share. 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. Sell-side analysts predict that Howmet Aerospace will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

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

Howmet Aerospace Company 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.