Invesco Ltd. Lowers Holdings in Howmet Aerospace Inc. $HWM

Invesco Ltd. lowered its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 10.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,566,345 shares of the company’s stock after selling 748,893 shares during the period. Invesco Ltd.’s holdings in Howmet Aerospace were worth $1,222,194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Traub Capital Management LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at approximately $25,000. Winnow Wealth LLC purchased a new position in Howmet Aerospace during the second quarter valued at $25,000. Atlantic Union Bankshares Corp bought a new stake in Howmet Aerospace in the 2nd quarter valued at $32,000. Penserra Capital Management LLC lifted its stake in 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 purchasing an additional 162 shares in the last quarter. Finally, Interchange Capital Partners LLC bought a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $39,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

HWM stock opened at $196.16 on Wednesday. The stock has a market cap of $78.87 billion, a PE ratio of 57.36, a P/E/G ratio of 2.64 and a beta of 1.47. Howmet Aerospace Inc. has a 12 month low of $105.04 and a 12 month high of $211.95. The company has a 50-day moving average price of $198.09 and a 200 day moving average price of $185.13. The company has a current ratio of 2.31, a quick ratio of 1.08 and a debt-to-equity ratio of 0.65.

Howmet Aerospace (NYSE:HWM) last posted 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. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the company posted $0.81 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Howmet Aerospace has set its FY 2025 guidance at 3.660-3.680 EPS and its Q4 2025 guidance at 0.940-0.960 EPS. Equities research analysts anticipate 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 was paid on Tuesday, November 25th. Investors of record on Friday, November 7th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace’s payout ratio is presently 13.48%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HWM. Cowen restated a “buy” rating on shares of Howmet Aerospace in a research report on Friday, October 31st. Royal Bank Of Canada raised their price target on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, October 31st. UBS Group upped their price objective on Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a report on Friday, October 31st. Bank of America increased their target price on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Finally, Truist Financial boosted their price target on shares of Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $216.93.

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.