TD Cowen Has Lowered Expectations for Howmet Aerospace (NYSE:HWM) Stock Price

Key Points

• TD Cowen lowered its price target for Howmet Aerospace from $320 to $280 while maintaining a “buy” rating, implying 24.52% potential upside from the prior close.
• Despite the reduction, analyst sentiment remains positive: Howmet has a consensus “Moderate Buy” rating and an average price target of $311.16.
• Howmet reported stronger-than-expected quarterly results, with EPS of $1.33 versus the $1.24 estimate and revenue of $2.55 billion, up 24.1% year over year.

Howmet Aerospace (NYSE:HWM - Get Free Report) had its price objective dropped by equities researchers at TD Cowen from $320.00 to $280.00 in a report released on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's target price suggests a potential upside of 24.52% from the company's previous close.

A number of other equities analysts also recently commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $370.00 price objective on shares of Howmet Aerospace in a report on Sunday, August 9th. Morgan Stanley reissued an "overweight" rating and issued a $335.00 price target on shares of Howmet Aerospace in a research report on Monday, August 10th. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Zacks Research raised Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. Finally, Susquehanna upped their price objective on Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $311.16.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM traded up $2.31 during midday trading on Friday, hitting $224.87. The company's stock had a trading volume of 613,728 shares, compared to its average volume of 2,709,000. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. The stock's 50 day simple moving average is $253.23 and its 200 day simple moving average is $257.62. The stock has a market capitalization of $89.97 billion, a price-to-earnings ratio of 48.47, a PEG ratio of 2.01 and a beta of 1.21. Howmet Aerospace has a fifty-two week low of $183.83 and a fifty-two week high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same period in the prior year, the company earned $0.91 EPS. The business's quarterly revenue was up 24.1% compared to the same quarter last year. 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, research analysts anticipate that Howmet Aerospace will post 5.33 earnings per share for the current year.

Hedge Funds Weigh In On Howmet Aerospace

Several institutional investors and hedge funds have recently modified their holdings of the stock. Premier Path Wealth Partners LLC boosted its holdings in Howmet Aerospace by 1.0% in the second quarter. Premier Path Wealth Partners LLC now owns 3,812 shares of the company's stock worth $1,025,000 after acquiring an additional 37 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Howmet Aerospace by 55.1% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company's stock valued at $29,000 after acquiring an additional 38 shares in the last quarter. Tudor Financial Inc. increased its holdings in shares of Howmet Aerospace by 2.6% during the fourth quarter. Tudor Financial Inc. now owns 1,650 shares of the company's stock valued at $338,000 after acquiring an additional 42 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Howmet Aerospace by 2.5% during the first quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company's stock worth $399,000 after purchasing an additional 42 shares during the period. Finally, Roman Butler Fullerton & Co. raised its position in shares of Howmet Aerospace by 0.4% during the first quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company's stock worth $2,634,000 after purchasing an additional 42 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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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