Kornitzer Capital Management Inc. KS Makes New $6.04 Million Investment in Howmet Aerospace Inc. $HWM

Kornitzer Capital Management Inc. KS bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 30,800 shares of the company’s stock, valued at approximately $6,044,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Traub Capital Management LLC acquired a new stake in Howmet Aerospace during the 2nd quarter worth $25,000. Winnow Wealth LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. grew its position 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 last quarter. Tradewinds Capital Management LLC increased its stake in 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 acquired a new stake in shares of Howmet Aerospace during the second quarter worth $32,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 0.0%

NYSE:HWM opened at $215.47 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $207.01 and its two-hundred day moving average is $195.01. Howmet Aerospace Inc. has a 52 week low of $105.04 and a 52 week high of $226.87. The company has a market cap of $86.63 billion, a PE ratio of 60.53, a P/E/G ratio of 2.04 and a beta of 1.29.

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

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, February 6th. Howmet Aerospace’s dividend payout ratio is 13.48%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on HWM. BNP Paribas Exane assumed coverage on shares of Howmet Aerospace in a research note on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price objective for the company. Bank of America upped their price objective 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. Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a report on Monday, November 3rd. UBS Group increased their price target on shares of Howmet Aerospace from $199.00 to $209.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Finally, TD Cowen reissued a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $224.53.

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.