Kornitzer Capital Management Inc. KS Makes New $6.04 Million Investment in Howmet Aerospace Inc. $HWM

Kornitzer Capital Management Inc. KS bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 30,800 shares of the company’s stock, valued at approximately $6,044,000.

Several other hedge funds have also made changes to their positions in HWM. Purkiss Capital Advisors LLC lifted its position in Howmet Aerospace by 8.1% in the 3rd quarter. Purkiss Capital Advisors LLC now owns 1,595 shares of the company’s stock valued at $313,000 after purchasing an additional 119 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Howmet Aerospace by 2.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 52,988 shares of the company’s stock worth $10,401,000 after purchasing an additional 1,170 shares in the last quarter. LBP AM SA lifted its holdings in shares of Howmet Aerospace by 18.0% during the 3rd quarter. LBP AM SA now owns 68,499 shares of the company’s stock valued at $13,442,000 after buying an additional 10,460 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in Howmet Aerospace by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 46,517 shares of the company’s stock worth $9,128,000 after buying an additional 212 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Howmet Aerospace by 17.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 479 shares of the company’s stock worth $91,000 after buying an additional 71 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Analyst Upgrades and Downgrades

HWM has been the subject of several recent research reports. TD Cowen reissued a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. BNP Paribas Exane began coverage on Howmet Aerospace in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 target price for the company. Wall Street Zen upgraded shares of Howmet Aerospace from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. The Goldman Sachs Group increased their price objective on shares of Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. 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 company. According to MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $224.53.

Howmet Aerospace Stock Up 0.0%

Shares of NYSE:HWM opened at $215.47 on Wednesday. The company has a 50 day moving average price of $207.01 and a two-hundred day moving average price of $195.01. 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 company has a market capitalization of $86.63 billion, a PE ratio of 60.53, a PEG ratio of 2.04 and a beta of 1.29. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $226.87.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter last year, the business posted $0.81 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. 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. Analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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