Scalar Gauge Management LLC Invests $2.55 Million in Howmet Aerospace Inc. $HWM

Scalar Gauge Management LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 13,000 shares of the company’s stock, valued at approximately $2,551,000. Howmet Aerospace makes up approximately 1.3% of Scalar Gauge Management LLC’s portfolio, making the stock its 23rd largest holding.

Other hedge funds also recently bought and sold shares of the company. Global Trust Asset Management LLC boosted its holdings in shares of Howmet Aerospace by 1.2% during the 3rd quarter. Global Trust Asset Management LLC now owns 4,110 shares of the company’s stock worth $807,000 after purchasing an additional 50 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in shares of Howmet Aerospace by 52.0% in 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. Glass Jacobson Investment Advisors llc raised its stake in Howmet Aerospace by 4.3% during the third quarter. Glass Jacobson Investment Advisors llc now owns 1,390 shares of the company’s stock worth $273,000 after purchasing an additional 57 shares during the period. Kera Capital Partners Inc. raised its position in Howmet Aerospace by 4.1% in the third quarter. Kera Capital Partners Inc. now owns 1,458 shares of the company’s stock valued at $286,000 after purchasing an additional 58 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of Howmet Aerospace by 3.1% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company’s stock valued at $390,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analysts Set New Price Targets

HWM has been the topic of several research reports. BTIG Research increased their price target on shares of Howmet Aerospace from $205.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Truist Financial set a $258.00 price target on shares of Howmet Aerospace in a research report on Friday, January 9th. JPMorgan Chase & Co. lifted their target price on Howmet Aerospace from $190.00 to $227.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Morgan Stanley set a $225.00 price target on Howmet Aerospace and gave the stock an “overweight” rating in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $224.53.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $215.56 on Tuesday. The stock’s 50-day simple moving average is $206.73 and its 200-day simple moving average is $194.75. The firm has a market capitalization of $86.67 billion, a PE ratio of 60.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.29. Howmet Aerospace Inc. has a fifty-two week low of $105.04 and a fifty-two week high of $226.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings results 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 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%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $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. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Friday, February 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, February 6th. Howmet Aerospace’s dividend payout ratio (DPR) is currently 13.48%.

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.