Investors Buy Large Volume of Put Options on Howmet Aerospace (NYSE:HWM)

by · The Markets Daily

Howmet Aerospace Inc. (NYSE:HWMGet Free Report) saw unusually large options trading on Thursday. Investors bought 3,553 put options on the stock. This represents an increase of 47% compared to the average daily volume of 2,416 put options.

Howmet Aerospace Price Performance

Howmet Aerospace stock traded down $6.36 during mid-day trading on Thursday, hitting $218.64. The company’s stock had a trading volume of 728,416 shares, compared to its average volume of 2,151,922. 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 $87.91 billion, a P/E ratio of 61.40, a P/E/G ratio of 2.08 and a beta of 1.29. Howmet Aerospace has a twelve month low of $105.04 and a twelve month high of $226.87. The stock’s fifty day moving average price is $205.86 and its two-hundred day moving average price is $193.90.

Howmet Aerospace (NYSE:HWMGet Free Report) last announced its earnings results on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) 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 net margin of 18.18% and a return on equity of 29.21%. The company’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business 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. Research analysts forecast that Howmet Aerospace will post 3.27 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently commented on HWM. Citigroup boosted their target price on shares of Howmet Aerospace from $246.00 to $255.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Industrial Alliance Securities set a $240.00 target price on shares of Howmet Aerospace in a report on Monday, November 3rd. Royal Bank Of Canada upped their price target on shares of Howmet Aerospace from $210.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Susquehanna reissued a “positive” rating and set a $255.00 target price on shares of Howmet Aerospace in a research note on Thursday, January 15th. Finally, Truist Financial set a $258.00 price objective on Howmet Aerospace in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $224.53.

Get Our Latest Stock Analysis on Howmet Aerospace

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Traub Capital Management LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at $25,000. Winnow Wealth LLC bought a new stake in shares of Howmet Aerospace during the second quarter worth $25,000. Newbridge Financial Services Group Inc. boosted its holdings in 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 acquiring an additional 73 shares during the last quarter. Sound Income Strategies LLC increased its position in Howmet Aerospace by 66.7% in the fourth quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after purchasing an additional 50 shares during the period. Finally, Tradewinds Capital Management LLC raised its holdings in Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company’s stock worth $30,000 after purchasing an additional 52 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Company Profile

(Get Free Report)

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.

Read More