Hennion & Walsh Asset Management Inc. Acquires 4,675 Shares of Howmet Aerospace Inc. $HWM

Hennion & Walsh Asset Management Inc. increased its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 25.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,020 shares of the company’s stock after buying an additional 4,675 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Howmet Aerospace were worth $4,517,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HWM. Traub Capital Management LLC acquired a new position in Howmet Aerospace in the second quarter valued at about $25,000. Winnow Wealth LLC acquired a new position in shares of Howmet Aerospace during the second quarter worth $25,000. Newbridge Financial Services Group Inc. boosted its stake in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares in the last quarter. Tradewinds Capital Management LLC grew its holdings in Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after acquiring an additional 52 shares during the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new stake in Howmet Aerospace in the second quarter valued at $32,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HWM has been the subject of a number of analyst reports. TD Cowen lifted their target price on shares of Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Cowen restated a “buy” rating on shares of Howmet Aerospace in a report on Friday, October 31st. Industrial Alliance Securities set a $240.00 price target on Howmet Aerospace in a report on Monday, November 3rd. Truist Financial boosted their target price on Howmet Aerospace from $202.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, BNP Paribas Exane started coverage on shares of Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $220.41.

Howmet Aerospace Stock Performance

Howmet Aerospace stock opened at $214.71 on Wednesday. The company has a market capitalization of $86.32 billion, a PE ratio of 60.31, a P/E/G ratio of 2.04 and a beta of 1.29. Howmet Aerospace Inc. has a twelve month low of $105.04 and a twelve month high of $216.38. The firm has a fifty day simple moving average of $202.80 and a two-hundred day simple moving average of $190.83. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.04. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous 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. Research analysts expect that Howmet Aerospace Inc. will post 3.27 EPS for the current 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.