Procyon Advisors LLC Sells 3,300 Shares of Howmet Aerospace Inc. $HWM

Procyon Advisors LLC lessened its stake in shares of Howmet Aerospace Inc. (NYSE:HWM) by 20.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,062 shares of the company’s stock after selling 3,300 shares during the period. Procyon Advisors LLC’s holdings in Howmet Aerospace were worth $2,563,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Traub Capital Management LLC acquired a new position in Howmet Aerospace in the 2nd quarter valued at $25,000. Winnow Wealth LLC bought a new stake in Howmet Aerospace during the second quarter valued at about $25,000. Newbridge Financial Services Group Inc. grew its position in shares of Howmet Aerospace by 119.7% in 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 during the last quarter. Tradewinds Capital Management LLC grew its position 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 last quarter. Finally, Manning & Napier Advisors LLC bought a new position in shares of Howmet Aerospace in the third quarter worth about $32,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Up 0.1%

Shares of HWM stock opened at $219.93 on Thursday. Howmet Aerospace Inc. has a one year low of $105.04 and a one year high of $223.61. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.35 and a quick ratio of 1.14. The stock has a fifty day moving average price of $204.18 and a 200 day moving average price of $192.35. The stock has a market cap of $88.43 billion, a P/E ratio of 61.78, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29.

Howmet Aerospace (NYSE:HWM) last announced 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 company 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 business’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $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. Analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Cowen restated a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. BTIG Research increased their price objective on Howmet Aerospace from $205.00 to $240.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. BNP Paribas Exane began coverage on shares of Howmet Aerospace in a research report on Tuesday, November 18th. They set an “outperform” rating and a $240.00 target price on the stock. Bank of America upped their target price on shares of Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $223.35.

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.