Resona Asset Management Co. Ltd. Acquires 7,405 Shares of Howmet Aerospace Inc. $HWM

Resona Asset Management Co. Ltd. raised its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 6.2% in the second quarter, HoldingsChannel.com reports. The firm owned 127,234 shares of the company’s stock after purchasing an additional 7,405 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Howmet Aerospace were worth $23,658,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Pinpoint Asset Management Ltd boosted its stake in shares of Howmet Aerospace by 42.8% in the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after buying an additional 71 shares during the period. Atlantic Union Bankshares Corp acquired a new position in Howmet Aerospace in the 2nd quarter valued at $32,000. Hemington Wealth Management lifted its position in shares of Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after acquiring an additional 81 shares during the period. Rise Advisors LLC lifted its position in shares of Howmet Aerospace by 32.4% during the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after acquiring an additional 66 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Howmet Aerospace by 100.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock worth $36,000 after purchasing an additional 140 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $150.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Morgan Stanley set a $225.00 target price on shares of Howmet Aerospace and gave the company an “overweight” rating in a research report on Friday, October 31st. Barclays reiterated an “overweight” rating and set a $190.00 price target (up previously from $140.00) on shares of Howmet Aerospace in a research report on Monday, August 4th. Royal Bank Of Canada boosted their price objective on shares of Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group upped their target price on Howmet Aerospace from $205.00 to $226.00 and gave the stock a “buy” rating in a research note on Monday. Fourteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $210.14.

Howmet Aerospace Price Performance

HWM stock opened at $205.63 on Friday. The company has a 50 day simple moving average of $191.08 and a 200 day simple moving average of $177.65. The stock has a market cap of $82.68 billion, a price-to-earnings ratio of 60.13, a P/E/G ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a 1 year low of $105.04 and a 1 year high of $211.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08.

Howmet Aerospace (NYSE:HWM) last issued its earnings results 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. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the business posted $0.81 earnings per share. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS. Q4 2025 guidance at 0.940-0.960 EPS. Research analysts anticipate that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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