Pinnacle Associates Ltd. Decreases Holdings in Howmet Aerospace Inc. $HWM

Pinnacle Associates Ltd. cut its stake in Howmet Aerospace Inc. (NYSE:HWM) by 6.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,688 shares of the company’s stock after selling 397 shares during the period. Pinnacle Associates Ltd.’s holdings in Howmet Aerospace were worth $1,059,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Harbour Investments Inc. increased its position in Howmet Aerospace by 10.1% during the 1st quarter. Harbour Investments Inc. now owns 1,114 shares of the company’s stock worth $145,000 after purchasing an additional 102 shares during the period. PFG Advisors increased its position in Howmet Aerospace by 37.9% during the 1st quarter. PFG Advisors now owns 9,593 shares of the company’s stock worth $1,245,000 after purchasing an additional 2,635 shares during the period. Private Trust Co. NA increased its position in Howmet Aerospace by 65.4% during the 1st quarter. Private Trust Co. NA now owns 673 shares of the company’s stock worth $87,000 after purchasing an additional 266 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Howmet Aerospace during the 2nd quarter worth approximately $40,949,000. Finally, Diversified Trust Co increased its position in Howmet Aerospace by 13.5% during the 2nd quarter. Diversified Trust Co now owns 22,297 shares of the company’s stock worth $4,150,000 after purchasing an additional 2,645 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $206.80 on Tuesday. The business’s fifty day moving average price is $189.30 and its two-hundred day moving average price is $176.67. The stock has a market cap of $83.37 billion, a PE ratio of 60.47, a price-to-earnings-growth ratio of 2.64 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. Howmet Aerospace Inc. has a one year low of $99.40 and a one year high of $211.95.

Howmet Aerospace (NYSE:HWM) last announced its earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $2.09 billion for 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%.Howmet Aerospace’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior 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. On average, analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is 13.48%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. BTIG Research upped their price target on Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a report on Monday. Cowen restated a “buy” rating on shares of Howmet Aerospace in a report on Friday. Barclays restated an “overweight” rating and issued a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a report on Monday, August 4th. Finally, Susquehanna set a $235.00 price target on Howmet Aerospace and gave the stock a “positive” rating in a report on Friday. Fifteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.73.

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.