Sen. Purchases Shares of Howmet Aerospace Inc. (NYSE:HWM)

Senator (R-Florida) recently bought shares of Howmet Aerospace Inc. (NYSE:HWM). In a filing disclosed on February 21st, the Senator disclosed that they had bought between $50,001 and $100,000 in Howmet Aerospace stock on January 22nd.

Senator also recently made the following trade(s):

• Purchased $100,001 – $250,000 in shares of Applied Materials (NASDAQ:AMAT) on 1/22/2025.
• Purchased $50,001 – $100,000 in shares of Micron Technology (NASDAQ:MU) on 1/22/2025.
• Sold $50,001 – $100,000 in shares of Okta (NASDAQ:OKTA) on 1/21/2025.

Howmet Aerospace Price Performance

HWM stock opened at $129.83 on Friday. The firm has a 50 day moving average price of $121.18 and a 200-day moving average price of $109.74. Howmet Aerospace Inc. has a 52-week low of $62.80 and a 52-week high of $140.55. The firm has a market capitalization of $52.58 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 1.92 and a beta of 1.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, February 13th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. Howmet Aerospace had a net margin of 15.55% and a return on equity of 25.74%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.88 billion. Equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.31%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, February 7th. Howmet Aerospace’s dividend payout ratio (DPR) is presently 14.18%.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp grew its position in shares of Howmet Aerospace by 420.6% during the 4th quarter. Mackenzie Financial Corp now owns 171,844 shares of the company’s stock valued at $18,795,000 after acquiring an additional 138,835 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter valued at $2,560,000. Vise Technologies Inc. grew its position in shares of Howmet Aerospace by 89.5% during the 4th quarter. Vise Technologies Inc. now owns 10,132 shares of the company’s stock valued at $1,108,000 after acquiring an additional 4,784 shares during the period. Pinkerton Retirement Specialists LLC grew its position in shares of Howmet Aerospace by 217.9% during the 4th quarter. Pinkerton Retirement Specialists LLC now owns 8,238 shares of the company’s stock valued at $901,000 after acquiring an additional 5,647 shares during the period. Finally, Focus Partners Advisor Solutions LLC grew its position in shares of Howmet Aerospace by 11.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 3,058 shares of the company’s stock valued at $334,000 after acquiring an additional 319 shares during the period. Institutional investors own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Wells Fargo & Company boosted their price objective on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. UBS Group boosted their price objective on shares of Howmet Aerospace from $103.00 to $120.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Morgan Stanley boosted their price objective on shares of Howmet Aerospace from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on shares of Howmet Aerospace from $105.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $123.28.

About Senator

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.