Geode Capital Management LLC Grows Stock Holdings in Howmet Aerospace Inc. $HWM

Geode Capital Management LLC lifted its position in Howmet Aerospace Inc. (NYSE:HWM) by 7.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 10,938,815 shares of the company’s stock after purchasing an additional 719,888 shares during the period. Geode Capital Management LLC’s holdings in Howmet Aerospace were worth $2,032,221,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Atlantic Union Bankshares Corp bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth approximately $32,000. Penserra Capital Management LLC increased its stake in shares of Howmet Aerospace by 450.0% in the 2nd quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock worth $36,000 after acquiring an additional 162 shares in the last quarter. Interchange Capital Partners LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter worth about $39,000. REAP Financial Group LLC increased its stake in Howmet Aerospace by 101.9% during the 2nd quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock valued at $39,000 after purchasing an additional 107 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in Howmet Aerospace by 2,433.3% in the 2nd quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock worth $42,000 after acquiring an additional 219 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Down 1.9%

HWM stock opened at $204.96 on Thursday. 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 firm has a 50 day moving average of $193.77 and a 200 day moving average of $180.20. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $211.95. The stock has a market capitalization of $82.41 billion, a PE ratio of 59.93, a price-to-earnings-growth ratio of 2.64 and a beta of 1.47.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data 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. 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 business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Sell-side analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HWM shares. Susquehanna set a $235.00 target price on shares of Howmet Aerospace and gave the company a “positive” rating in a research note on Friday, October 31st. Bank of America boosted their price objective on Howmet Aerospace from $185.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Morgan Stanley set a $225.00 price target on shares of Howmet Aerospace and gave the company an “overweight” rating in a report on Friday, October 31st. The Goldman Sachs Group increased their target price on Howmet Aerospace from $205.00 to $226.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, TD Cowen upped their price objective on Howmet Aerospace from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Fourteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $212.79.

About Howmet Aerospace

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.