Investors Purchase High Volume of Put Options on Howmet Aerospace (NYSE:HWM)

by · The Markets Daily

Howmet Aerospace Inc. (NYSE:HWM – Get Free Report) was the target of some unusual options trading on Thursday. Stock investors purchased 3,932 put options on the stock. This is an increase of approximately 59% compared to the average daily volume of 2,478 put options.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Howmet Aerospace by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 49,139,989 shares of the company’s stock valued at $9,642,740,000 after purchasing an additional 664,595 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Howmet Aerospace by 30.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company’s stock valued at $5,920,181,000 after buying an additional 7,356,077 shares during the period. State Street Corp boosted its stake in Howmet Aerospace by 1.6% during the third quarter. State Street Corp now owns 17,964,662 shares of the company’s stock worth $3,525,206,000 after buying an additional 278,587 shares during the period. Geode Capital Management LLC increased its position in shares of Howmet Aerospace by 7.0% during the second quarter. Geode Capital Management LLC now owns 10,938,815 shares of the company’s stock valued at $2,032,221,000 after acquiring an additional 719,888 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in Howmet Aerospace by 2.4% in the 3rd quarter. Bank of America Corp DE now owns 10,877,771 shares of the company’s stock valued at $2,134,545,000 after purchasing an additional 255,419 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 3.9%

Shares of NYSE HWM traded up $7.51 during trading on Thursday, hitting $198.70. 408,790 shares of the company were exchanged, compared to its average volume of 2,721,174. The company has a fifty day moving average price of $198.60 and a 200-day moving average price of $187.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.14 and a current ratio of 2.35. The firm has a market capitalization of $79.89 billion, a PE ratio of 55.81, a P/E/G ratio of 2.23 and a beta of 1.32. Howmet Aerospace has a 12-month low of $105.04 and a 12-month high of $211.95.

Howmet Aerospace (NYSE:HWM – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.04. Howmet Aerospace had a net margin of 18.18% and a return on equity of 29.21%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.04 billion. During the same period last year, the business earned $0.81 earnings per share. Howmet Aerospace’s revenue was up 13.8% compared to the same quarter last year. 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 expect that Howmet Aerospace will post 3.27 EPS for the current year.

Howmet Aerospace Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Friday, November 7th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, November 7th. Howmet Aerospace’s payout ratio is presently 13.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on HWM shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Howmet Aerospace in a research note on Wednesday, October 8th. Industrial Alliance Securities set a $240.00 price target on shares of Howmet Aerospace in a research note on Monday, November 3rd. BNP Paribas Exane assumed coverage on Howmet Aerospace in a research note on Tuesday, November 18th. They set an “outperform” rating and a $240.00 price objective for the company. Cowen reaffirmed a “buy” rating on shares of Howmet Aerospace in a research note on Friday, October 31st. Finally, Royal Bank Of Canada increased their price objective on Howmet Aerospace from $210.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $218.75.

Get Our Latest Stock Report on HWM

Howmet Aerospace Company Profile

(Get 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.

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