BNP Paribas Exane Issues Pessimistic Forecast for Howmet Aerospace (NYSE:HWM) Stock Price

Key Points

• BNP Paribas Exane lowered its Howmet Aerospace price target from $345 to $310 while maintaining an “outperform” rating, implying 37.82% upside from the prior close.
• Despite the cut, Wall Street sentiment remains positive: Howmet has a “Moderate Buy” consensus rating and an average price target of $312.80, with most analysts rating the stock Buy or Strong Buy.
• Howmet reported better-than-expected quarterly results, with EPS of $1.33 versus the $1.24 estimate and revenue of $2.55 billion; institutional investors own 90.46% of the company.

Howmet Aerospace (NYSE:HWM - Get Free Report) had its price target reduced by analysts at BNP Paribas Exane from $345.00 to $310.00 in a report released on Tuesday. The brokerage currently has an "outperform" rating on the stock. BNP Paribas Exane's target price would suggest a potential upside of 37.82% from the stock's previous close.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada boosted their price objective on Howmet Aerospace from $325.00 to $350.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. BTIG Research raised their target price on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $298.00 price target (down from $328.00) on shares of Howmet Aerospace in a research note on Wednesday. Morgan Stanley reaffirmed an "overweight" rating and set a $335.00 price target on shares of Howmet Aerospace in a research note on Monday, August 10th. Finally, Guggenheim started coverage on shares of Howmet Aerospace in a research note on Monday, September 14th. They issued a "buy" rating and a $350.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $312.80.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded up $2.38 during trading on Tuesday, reaching $224.94. 2,670,817 shares of the company's stock traded hands, compared to its average volume of 2,726,294. The stock has a market capitalization of $90.00 billion, a P/E ratio of 48.48, a price-to-earnings-growth ratio of 2.01 and a beta of 1.21. The company has a 50 day moving average of $252.07 and a 200-day moving average of $257.39. Howmet Aerospace has a 12 month low of $183.83 and a 12 month 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 - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.09. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%. The business's revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. Howmet Aerospace has set its Q3 2026 guidance at 1.340-1.360 EPS and its FY 2026 guidance at 5.230-5.310 EPS. On average, equities analysts expect that Howmet Aerospace will post 5.33 EPS for the current year.

Hedge Funds Weigh In On Howmet Aerospace

Large investors have recently made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC raised its holdings in Howmet Aerospace by 95.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company's stock worth $5,609,000 after acquiring an additional 11,878 shares during the period. Man Group plc bought a new position in Howmet Aerospace in the 2nd quarter worth approximately $104,566,000. Pictet Asset Management Holding SA increased its position in Howmet Aerospace by 28.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 230,064 shares of the company's stock worth $52,984,000 after buying an additional 51,169 shares during the period. QRG Capital Management Inc. raised its stake in Howmet Aerospace by 162.8% during the 1st quarter. QRG Capital Management Inc. now owns 59,956 shares of the company's stock valued at $13,817,000 after purchasing an additional 37,141 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Howmet Aerospace by 9.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 136,518 shares of the company's stock valued at $36,704,000 after buying an additional 11,658 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

About Howmet Aerospace

Howmet Aerospace Inc NYSE: HWM is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company's principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.

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