6,041 Howmet Aerospace Inc. $HWM Shares Acquired by Vest Financial LLC

Key Points

• Vest Financial increased its Howmet Aerospace stake by 9.0% in the third quarter, purchasing 6,041 additional shares and bringing its holdings to 73,288 shares valued at approximately $16.6 million. Institutional investors collectively own 90.46% of the company.
• Howmet shares opened at $193.37, down 7.1%, near their 52-week low of $188.83. Despite the decline, the company reported quarterly EPS of $1.33 versus the $1.24 consensus estimate and revenue of $2.55 billion, up 24.1% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $310.29. Howmet also announced a quarterly dividend of $0.14 per share, representing a 0.3% yield.

Vest Financial LLC raised its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 9.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 73,288 shares of the company's stock after purchasing an additional 6,041 shares during the quarter. Vest Financial LLC's holdings in Howmet Aerospace were worth $16,576,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at about $12,318,939,000. State Street Corp increased its position in shares of Howmet Aerospace by 3.3% during the second quarter. State Street Corp now owns 18,933,928 shares of the company's stock valued at $5,090,576,000 after buying an additional 612,866 shares during the period. Bank of America Corp DE bought a new position in Howmet Aerospace in the second quarter worth about $2,766,806,000. Jupiter Topco LLC bought a new position in Howmet Aerospace in the second quarter worth about $2,065,086,000. Finally, Bank of New York Mellon Corp bought a new position in Howmet Aerospace in the second quarter worth about $1,099,765,000. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Stock Down 7.1%

Shares of Howmet Aerospace stock opened at $193.37 on Friday. Howmet Aerospace Inc. has a 1 year low of $188.83 and a 1 year high of $310.00. The firm has a market cap of $77.37 billion, a price-to-earnings ratio of 41.67, a PEG ratio of 1.87 and a beta of 1.21. The company has a 50-day moving average of $239.34 and a 200 day moving average of $256.37. 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 posted 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 business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. Howmet Aerospace's quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. 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, sell-side analysts anticipate that Howmet Aerospace Inc. will post 5.34 earnings per share for the current fiscal year.

Howmet Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Friday, November 6th. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.07%.

Wall Street Analysts Forecast Growth

HWM has been the subject of several research analyst reports. Susquehanna raised their price objective on shares of Howmet Aerospace from $330.00 to $340.00 and gave the stock a "positive" rating in a report on Friday, August 7th. Wall Street Zen downgraded Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 5th. Zacks Research lowered Howmet Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. BTIG Research increased their target price on Howmet Aerospace from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Finally, BNP Paribas Exane lowered their target price on Howmet Aerospace from $345.00 to $310.00 and set an "outperform" rating for the company in a research note on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $310.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.