Scalar Gauge Management LLC Takes Position in Howmet Aerospace Inc. $HWM

Scalar Gauge Management LLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 13,000 shares of the company’s stock, valued at approximately $2,551,000. Howmet Aerospace makes up about 1.3% of Scalar Gauge Management LLC’s portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Traub Capital Management LLC acquired a new stake in shares of Howmet Aerospace during the second quarter worth $25,000. Winnow Wealth LLC acquired a new position in Howmet Aerospace during the second quarter worth $25,000. Newbridge Financial Services Group Inc. raised its holdings in Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in Howmet Aerospace by 52.0% during the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Howmet Aerospace in the 2nd quarter worth about $32,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on HWM. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a report on Thursday. BNP Paribas Exane began coverage on shares of Howmet Aerospace in a research note on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Susquehanna restated a “positive” rating and set a $255.00 target price on shares of Howmet Aerospace in a report on Thursday, January 15th. Finally, UBS Group upped their target price on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $224.53.

Howmet Aerospace Trading Up 0.3%

NYSE:HWM opened at $215.56 on Tuesday. The stock has a market cap of $86.67 billion, a price-to-earnings ratio of 60.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $226.87. 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 business’s 50-day simple moving average is $206.73 and its 200 day simple moving average is $194.75.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same quarter last year, the firm earned $0.81 EPS. Howmet Aerospace’s quarterly revenue was up 13.8% on a year-over-year basis. 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. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $0.48 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio is currently 13.48%.

About Howmet Aerospace

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.