Los Angeles Capital Management LLC Reduces Position in Howmet Aerospace Inc. $HWM

Los Angeles Capital Management LLC decreased its position in Howmet Aerospace Inc. (NYSE:HWM) by 18.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,202,912 shares of the company’s stock after selling 271,502 shares during the period. Howmet Aerospace comprises 0.8% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 22nd biggest position. Los Angeles Capital Management LLC’s holdings in Howmet Aerospace were worth $223,898,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Prospera Financial Services Inc boosted its holdings in Howmet Aerospace by 40.3% in the 2nd quarter. Prospera Financial Services Inc now owns 12,079 shares of the company’s stock valued at $2,248,000 after purchasing an additional 3,471 shares during the last quarter. RWA Wealth Partners LLC purchased a new stake in Howmet Aerospace in the second quarter valued at $667,000. AE Wealth Management LLC lifted its stake in shares of Howmet Aerospace by 98.6% in the 2nd quarter. AE Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $835,000 after purchasing an additional 2,227 shares during the last quarter. Mark Sheptoff Financial Planning LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter worth $60,000. Finally, Penserra Capital Management LLC increased its position in shares of Howmet Aerospace by 450.0% during the 2nd quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock worth $36,000 after purchasing an additional 162 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HWM shares. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. TD Cowen raised their target price on Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Fourteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $210.14.

Howmet Aerospace Trading Up 0.5%

Shares of Howmet Aerospace stock opened at $206.66 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The company has a market capitalization of $83.09 billion, a P/E ratio of 60.43, a PEG ratio of 2.64 and a beta of 1.47. The company’s fifty day moving average is $191.73 and its two-hundred day moving average is $178.25. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $211.95.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating the consensus estimate 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 quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm earned $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. Analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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