Howmet Aerospace (NYSE:HWM) Price Target Cut to $300.00 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada cut Howmet Aerospace’s price target to $300 from $350 while maintaining an “outperform” rating, implying 38.57% upside from the cited closing price.
• Analyst sentiment remains positive overall: Howmet has a consensus “Moderate Buy” rating and an average price target of $310.29, despite several recent target reductions.
• Shares traded at $216.49, well below their 52-week high of $310.00. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.33 EPS and $2.55 billion in revenue.

Howmet Aerospace (NYSE:HWM - Get Free Report) had its price target lowered by Royal Bank Of Canada from $350.00 to $300.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 38.57% from the company's previous close.

Other research analysts also recently issued research reports about the stock. Guggenheim began coverage on shares of Howmet Aerospace in a research report on Monday, September 14th. They set a "buy" rating and a $350.00 price objective on the stock. TD Cowen cut their target price on shares of Howmet Aerospace from $320.00 to $280.00 and set a "buy" rating for the company in a research report on Friday, October 9th. Wall Street Zen lowered shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 5th. Jefferies Financial Group reiterated a "buy" rating and set a $370.00 target price (up from $340.00) on shares of Howmet Aerospace in a research note on Sunday, August 9th. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $298.00 price target (down from $328.00) on shares of Howmet Aerospace in a report on Wednesday, October 7th. 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $310.29.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded down $1.05 during midday trading on Thursday, reaching $216.49. 715,349 shares of the company's stock traded hands, compared to its average volume of 2,709,145. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. Howmet Aerospace has a one year low of $187.46 and a one year high of $310.00. The company has a market cap of $86.62 billion, a price-to-earnings ratio of 46.61, a P/E/G ratio of 1.95 and a beta of 1.21. The stock has a 50 day moving average of $247.83 and a 200 day moving average of $257.15.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.24 by $0.09. The company had revenue of $2.55 billion during 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%. Howmet Aerospace's revenue for the quarter was up 24.1% on a year-over-year basis. During the same period last year, the company earned $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. As a group, equities research analysts anticipate that Howmet Aerospace will post 5.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Howmet Aerospace during the second quarter valued at approximately $12,318,939,000. State Street Corp lifted its holdings in Howmet Aerospace by 3.3% in the second quarter. State Street Corp now owns 18,933,928 shares of the company's stock valued at $5,090,576,000 after acquiring an additional 612,866 shares during the period. Bank of America Corp DE boosted its position in Howmet Aerospace by 1.7% in the 1st quarter. Bank of America Corp DE now owns 10,728,447 shares of the company's stock worth $2,472,478,000 after purchasing an additional 177,533 shares in the last quarter. Jupiter Topco LLC purchased a new stake in Howmet Aerospace in the 2nd quarter worth approximately $2,065,086,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $1,099,765,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Company Profile

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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