Asahi Life Asset Management CO. LTD. Invests $491,000 in Howmet Aerospace Inc. $HWM

Asahi Life Asset Management CO. LTD. acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,640 shares of the company’s stock, valued at approximately $491,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd raised its stake in Howmet Aerospace by 42.8% in the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Hemington Wealth Management raised its stake in Howmet Aerospace by 46.6% in the 1st quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after purchasing an additional 81 shares during the last quarter. Rise Advisors LLC raised its stake in Howmet Aerospace by 32.4% in the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its stake in Howmet Aerospace by 100.7% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after purchasing an additional 140 shares during the last quarter. Finally, REAP Financial Group LLC raised its stake in Howmet Aerospace by 101.9% in the 2nd quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock valued at $39,000 after purchasing an additional 107 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on HWM shares. Industrial Alliance Securities set a $240.00 price objective on Howmet Aerospace in a research note on Monday. Truist Financial upped their target price on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Bank of America upped their target price on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Morgan Stanley set a $225.00 target price on Howmet Aerospace and gave the company an “overweight” rating in a report on Friday, October 31st. Finally, The Goldman Sachs Group upped their target price on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a report on Monday. Fifteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.73.

Howmet Aerospace Stock Performance

NYSE HWM opened at $206.39 on Thursday. The stock has a market cap of $83.20 billion, a PE ratio of 60.35, a P/E/G ratio of 2.64 and a beta of 1.45. 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 twelve month low of $105.04 and a twelve month high of $211.95. The stock has a fifty day simple moving average of $190.49 and a 200-day simple moving average of $177.45.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 28.17% and a net margin of 18.09%.The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business 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 analysts anticipate that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders 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 dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 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.