Westpac Banking Corp Raises Stock Position in Howmet Aerospace Inc. $HWM

Westpac Banking Corp grew its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 8.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,360 shares of the company’s stock after purchasing an additional 3,374 shares during the quarter. Westpac Banking Corp’s holdings in Howmet Aerospace were worth $8,257,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HWM. Atlantic Union Bankshares Corp acquired a new stake in Howmet Aerospace during the 2nd quarter worth approximately $32,000. Penserra Capital Management LLC increased its position in shares of Howmet Aerospace by 450.0% during the second quarter. Penserra Capital Management LLC now owns 198 shares of the company’s stock worth $36,000 after acquiring an additional 162 shares during the period. Interchange Capital Partners LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at $39,000. REAP Financial Group LLC boosted its holdings in Howmet Aerospace by 101.9% in the second quarter. REAP Financial Group LLC now owns 212 shares of the company’s stock valued at $39,000 after purchasing an additional 107 shares during the period. Finally, AdvisorNet Financial Inc grew its stake in Howmet Aerospace by 2,433.3% during the 2nd quarter. AdvisorNet Financial Inc now owns 228 shares of the company’s stock worth $42,000 after purchasing an additional 219 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

Shares of Howmet Aerospace stock opened at $203.00 on Friday. The firm has a market capitalization of $81.62 billion, a P/E ratio of 59.36, a P/E/G ratio of 2.64 and a beta of 1.47. 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 firm’s 50 day moving average is $194.70 and its two-hundred day moving average is $181.11.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.04 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’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. Q4 2025 guidance at 0.940-0.960 EPS. Research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be issued 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 dividend payout ratio (DPR) is presently 13.48%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HWM shares. JPMorgan Chase & Co. increased their price target on Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a research report on Monday, November 10th. Truist Financial upped their target price on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a report on Wednesday, October 8th. Finally, Vertical Research restated a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.29.

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.