Howmet Aerospace Inc. $HWM Stock: Vise Technologies Inc. Boosts Position

Vise Technologies Inc. boosted its holdings in Howmet Aerospace Inc. (NYSE:HWM) by 15.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,876 shares of the company’s stock after buying an additional 3,846 shares during the period. Vise Technologies Inc.’s holdings in Howmet Aerospace were worth $6,531,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. West Paces Advisors Inc. bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at $27,000. Bartlett & CO. Wealth Management LLC boosted its stake in Howmet Aerospace by 55.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock worth $29,000 after purchasing an additional 38 shares during the period. Markowski Investments bought a new position in Howmet Aerospace in the 2nd quarter worth about $29,000. Retirement Wealth Solutions LLC grew its holdings in Howmet Aerospace by 328.1% during the 3rd quarter. Retirement Wealth Solutions LLC now owns 137 shares of the company’s stock valued at $31,000 after buying an additional 105 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new position in Howmet Aerospace during the 3rd quarter valued at about $31,000. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace News Roundup

Here are the key news stories impacting Howmet Aerospace this week:

• Positive Sentiment: KeyBanc upgraded Howmet Aerospace to Overweight following the company’s third-quarter report, signaling increased confidence in its earnings outlook and aerospace-related growth prospects. KeyBanc upgrades Howmet Aerospace to Overweight after Q3 report
• Positive Sentiment: A Zacks analysis said growth investors should not overlook HWM, citing above-average financial growth and the company’s potential to outperform the broader market. 3 Reasons Why Growth Investors Shouldn’t Overlook Howmet
• Positive Sentiment: BTIG maintained a Buy rating while setting a $280 price target, which still implies substantial potential upside from the stock’s referenced price, despite reducing its previous target. BTIG Adjusts Price Target on Howmet Aerospace
• Neutral Sentiment: BTIG lowered its price target to $280 from $340, reflecting more cautious valuation assumptions, but its continued Buy rating indicates analysts still view HWM’s long-term fundamentals favorably. Howmet Aerospace price target lowered at BTIG
• Negative Sentiment: UBS reduced its target to $230 from $255 and maintained a Neutral rating, while Susquehanna and BNP Paribas Exane also trimmed their targets, adding pressure to the near-term valuation narrative. Howmet Aerospace Stock Gets Price Target Reduction from BNP Paribas Exane Howmet Aerospace Stock Gets Price Target Trim from Susquehanna

Howmet Aerospace Stock Performance

NYSE:HWM opened at $212.89 on Tuesday. The business has a 50 day moving average of $227.83 and a 200 day moving average of $248.46. The company has a market capitalization of $85.18 billion, a price-to-earnings ratio of 41.66, a PEG ratio of 1.75 and a beta of 1.21. Howmet Aerospace Inc. has a 1-year low of $183.52 and a 1-year high of $310.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, October 29th. The company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter last year, the company earned $0.95 EPS. The firm’s revenue was up 29.4% compared to the same quarter last year. On average, sell-side analysts predict that Howmet Aerospace Inc. will post 5.45 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 10.96%.

Analyst Ratings Changes

HWM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Howmet Aerospace from $338.00 to $343.00 and gave the stock a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a report on Tuesday, October 27th. Susquehanna lowered their target price on shares of Howmet Aerospace from $340.00 to $275.00 and set a “positive” rating on the stock in a research note on Friday. Finally, TD Cowen lowered their target price on shares of Howmet Aerospace from $320.00 to $280.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $298.75.

Howmet Aerospace Company Profile

Howmet Aerospace Inc (NYSE:HWM) is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.

Howmet’s product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.