Howmet Aerospace Inc. $HWM Shares Sold by Texas Permanent School Fund Corp

by · The Cerbat Gem

Texas Permanent School Fund Corp lowered its holdings in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 33.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 34,282 shares of the company’s stock after selling 17,058 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Howmet Aerospace were worth $6,381,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Howmet Aerospace in the second quarter valued at approximately $1,633,157,000. JPMorgan Chase & Co. lifted its position in shares of Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock worth $5,920,181,000 after buying an additional 7,356,077 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Howmet Aerospace by 51.8% in the 2nd quarter. American Century Companies Inc. now owns 3,635,999 shares of the company’s stock valued at $676,769,000 after buying an additional 1,240,071 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Howmet Aerospace by 1,340.2% in the 2nd quarter. Nordea Investment Management AB now owns 880,155 shares of the company’s stock valued at $163,137,000 after buying an additional 819,040 shares during the last quarter. Finally, Westfield Capital Management Co. LP grew its position in shares of Howmet Aerospace by 68.8% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,915,955 shares of the company’s stock valued at $356,617,000 after buying an additional 780,896 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $195.10 on Wednesday. The stock’s 50-day moving average price is $198.61 and its 200 day moving average price is $187.09. 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 stock has a market capitalization of $78.44 billion, a PE ratio of 54.80, a price-to-earnings-growth ratio of 2.26 and a beta of 1.32. Howmet Aerospace Inc. has a 52-week low of $105.04 and a 52-week high of $211.95.

Howmet Aerospace (NYSE:HWM – Get Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.04. The company had revenue of $2.09 billion for 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 company’s revenue was up 13.8% on a year-over-year basis. During the same period last year, the business 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. As a group, equities research analysts forecast that Howmet Aerospace Inc. will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th were paid 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 was Friday, November 7th. Howmet Aerospace’s dividend payout ratio is 13.48%.

Analyst Ratings Changes

Several equities analysts have issued reports on HWM shares. Susquehanna set a $235.00 price objective on shares of Howmet Aerospace and gave the company a “positive” rating in a research note on Friday, October 31st. Bank of America boosted their target price on Howmet Aerospace from $215.00 to $250.00 and gave the company a “buy” rating in a report on Friday, November 14th. Truist Financial upped their target price on Howmet Aerospace from $202.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. TD Cowen lifted their price target on Howmet Aerospace from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, BNP Paribas Exane started coverage on Howmet Aerospace in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $240.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $218.75.

Check Out Our Latest Stock Report on Howmet Aerospace

About Howmet Aerospace

(Free Report)

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

Further Reading

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