Howmet Aerospace Inc. $HWM Shares Sold by Kingsman Wealth Management Inc.

Kingsman Wealth Management Inc. lowered its position in shares of Howmet Aerospace Inc. (NYSE:HWM) by 30.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,011 shares of the company’s stock after selling 12,133 shares during the period. Howmet Aerospace comprises about 3.1% of Kingsman Wealth Management Inc.’s holdings, making the stock its 11th largest position. Kingsman Wealth Management Inc.’s holdings in Howmet Aerospace were worth $5,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Traub Capital Management LLC purchased a new stake in Howmet Aerospace in the second quarter valued at approximately $25,000. Winnow Wealth LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth $25,000. Newbridge Financial Services Group Inc. boosted its stake in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the period. Atlantic Union Bankshares Corp purchased a new position in Howmet Aerospace during the 2nd quarter worth $32,000. Finally, Rise Advisors LLC increased its stake in Howmet Aerospace by 32.4% in the first quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on HWM. Truist Financial increased 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 Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 26th. Industrial Alliance Securities set a $240.00 target price on Howmet Aerospace in a report on Monday, November 3rd. BNP Paribas Exane began coverage on Howmet Aerospace in a report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price target for the company. Finally, BNP Paribas raised shares of Howmet Aerospace to a “strong-buy” rating in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.75.

Howmet Aerospace Stock Down 0.9%

Howmet Aerospace stock opened at $207.66 on Wednesday. The stock’s 50 day moving average price is $201.67 and its 200 day moving average price is $189.48. Howmet Aerospace Inc. has a 1-year low of $105.04 and a 1-year high of $212.52. The company has a market cap of $83.49 billion, a PE ratio of 58.33, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14.

Howmet Aerospace (NYSE:HWM) last released its earnings results on Thursday, October 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.04 billion. Howmet Aerospace had a return on equity of 29.21% and a net margin of 18.18%.Howmet Aerospace’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. 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. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Profile

Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.

Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.