Howmet Aerospace Inc. $HWM Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB grew its position in Howmet Aerospace Inc. (NYSE:HWM) by 59.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,401,335 shares of the company’s stock after buying an additional 521,180 shares during the quarter. Nordea Investment Management AB owned 0.35% of Howmet Aerospace worth $273,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Traub Capital Management LLC purchased a new position in Howmet Aerospace during the 2nd quarter valued at about $25,000. Winnow Wealth LLC purchased a new stake in Howmet Aerospace during the second quarter worth about $25,000. Newbridge Financial Services Group Inc. lifted its position 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 worth $25,000 after purchasing an additional 73 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of Howmet Aerospace by 52.0% in the third quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock valued at $30,000 after purchasing an additional 52 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Howmet Aerospace in the second quarter valued at approximately $32,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.3%

Shares of NYSE:HWM opened at $219.39 on Wednesday. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $223.61. The company’s 50 day moving average is $203.90 and its two-hundred day moving average is $192.16. The company has a market cap of $88.21 billion, a PE ratio of 61.63, a P/E/G ratio of 2.09 and a beta of 1.29. The company has a current ratio of 2.35, a quick ratio of 1.14 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, topping the consensus estimate of $0.91 by $0.04. The business had revenue of $2.09 billion during 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. 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 analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on HWM. BNP Paribas Exane began coverage on shares of Howmet Aerospace in a research note on Tuesday, November 18th. They set an “outperform” rating and a $240.00 target price on the stock. Truist Financial set a $258.00 price target on shares of Howmet Aerospace in a research note on Friday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their price objective on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Susquehanna set a $235.00 target price on Howmet Aerospace and gave the stock a “positive” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $223.35.

Howmet Aerospace Company 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.