Los Angeles Capital Management LLC Has $223.90 Million Stock Holdings in Howmet Aerospace Inc. $HWM

Los Angeles Capital Management LLC lessened its position in Howmet Aerospace Inc. (NYSE:HWM) by 18.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,202,912 shares of the company’s stock after selling 271,502 shares during the quarter. Howmet Aerospace makes up about 0.8% of Los Angeles Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Los Angeles Capital Management LLC owned about 0.30% of Howmet Aerospace worth $223,898,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of HWM. Vanguard Group Inc. grew its stake in shares of Howmet Aerospace by 1.5% in the first quarter. Vanguard Group Inc. now owns 47,813,262 shares of the company’s stock worth $6,202,814,000 after purchasing an additional 695,953 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Howmet Aerospace by 21.1% in the 1st quarter. JPMorgan Chase & Co. now owns 24,450,547 shares of the company’s stock valued at $3,171,970,000 after purchasing an additional 4,252,401 shares during the last quarter. Invesco Ltd. lifted its holdings in Howmet Aerospace by 8.3% in the first quarter. Invesco Ltd. now owns 7,315,238 shares of the company’s stock valued at $949,006,000 after buying an additional 563,109 shares during the period. Northern Trust Corp lifted its stake in shares of Howmet Aerospace by 1.3% in the 1st quarter. Northern Trust Corp now owns 3,722,871 shares of the company’s stock valued at $482,968,000 after purchasing an additional 45,963 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Howmet Aerospace by 6.1% in the first quarter. Ameriprise Financial Inc. now owns 3,589,432 shares of the company’s stock valued at $465,666,000 after buying an additional 206,397 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 0.5%

Howmet Aerospace stock opened at $206.66 on Friday. The business has a 50-day simple moving average of $191.73 and a two-hundred day simple moving average of $178.25. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $211.95. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The company has a market cap of $83.09 billion, a P/E ratio of 60.43, a P/E/G ratio of 2.64 and a beta of 1.47.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s 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. Q4 2025 guidance at 0.940-0.960 EPS. Analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace’s payout ratio is currently 13.48%.

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of research reports. Morgan Stanley set a $225.00 price objective on Howmet Aerospace and gave the company an “overweight” rating in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Susquehanna set a $235.00 price objective on Howmet Aerospace and gave the company a “positive” rating in a research note on Friday, October 31st. Cowen reiterated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Finally, UBS Group lifted their price objective on Howmet Aerospace from $199.00 to $209.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of “Moderate Buy” and a consensus target price of $210.14.

Howmet Aerospace Company 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.