Sendero Wealth Management LLC Buys 3,676 Shares of Howmet Aerospace Inc. $HWM

Sendero Wealth Management LLC increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 19.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 22,329 shares of the company’s stock after purchasing an additional 3,676 shares during the period. Sendero Wealth Management LLC’s holdings in Howmet Aerospace were worth $4,382,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Howmet Aerospace by 1.4% during the second quarter. Vanguard Group Inc. now owns 48,475,394 shares of the company’s stock valued at $9,022,725,000 after buying an additional 662,132 shares during the period. JPMorgan Chase & Co. grew its stake in Howmet Aerospace by 30.1% during the second quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after acquiring an additional 7,356,077 shares in the last quarter. State Street Corp increased its holdings in Howmet Aerospace by 1.2% during the 2nd quarter. State Street Corp now owns 17,686,075 shares of the company’s stock worth $3,291,909,000 after acquiring an additional 205,424 shares during the period. Geode Capital Management LLC lifted its stake in Howmet Aerospace by 7.0% in the 2nd quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock worth $2,032,221,000 after purchasing an additional 719,888 shares in the last quarter. Finally, Norges Bank bought a new position in Howmet Aerospace in the 2nd quarter valued at $1,633,157,000. Institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HWM shares. TD Cowen lifted their price objective on Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group boosted their price objective on Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. 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, November 10th. UBS Group boosted their price target on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, BNP Paribas Exane initiated coverage on shares of Howmet Aerospace in a report on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average price target of $218.75.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $191.16 on Thursday. The company has a market capitalization of $76.86 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 2.23 and a beta of 1.32. The business has a 50 day moving average of $198.60 and a 200 day moving average of $187.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. 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, topping the consensus estimate of $0.91 by $0.04. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the firm posted $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. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.48 annualized dividend and a yield of 0.3%. Howmet Aerospace’s payout ratio is currently 13.48%.

Howmet Aerospace 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.