Adams Diversified Equity Fund Inc. Purchases 8,900 Shares of Howmet Aerospace Inc. $HWM

Adams Diversified Equity Fund Inc. boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 10.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,300 shares of the company's stock after buying an additional 8,900 shares during the quarter. Adams Diversified Equity Fund Inc.'s holdings in Howmet Aerospace were worth $20,876,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Man Group plc acquired a new position in shares of Howmet Aerospace in the second quarter worth about $104,566,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Howmet Aerospace by 95.3% in the first 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 in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Howmet Aerospace by 28.6% during the first quarter. Pictet Asset Management Holding SA now owns 230,064 shares of the company's stock valued at $52,984,000 after acquiring an additional 51,169 shares during the period. State Street Corp raised its holdings 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 acquiring an additional 612,866 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in shares of Howmet Aerospace by 162.8% during the first quarter. QRG Capital Management Inc. now owns 59,956 shares of the company's stock valued at $13,817,000 after acquiring an additional 37,141 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HWM. Morgan Stanley reaffirmed an "overweight" rating and issued a $335.00 price objective on shares of Howmet Aerospace in a research note on Monday, August 10th. Citigroup reissued a "buy" rating on shares of Howmet Aerospace in a research note on Wednesday, September 30th. BTIG Research boosted 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. Jefferies Financial Group restated a "buy" rating and issued a $370.00 target price (up from $340.00) on shares of Howmet Aerospace in a report on Sunday, August 9th. Finally, JPMorgan Chase & Co. raised their target price on Howmet Aerospace from $310.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and an average price target of $310.29.

Howmet Aerospace Trading Down 7.1%

Shares of NYSE:HWM opened at $193.37 on Friday. The firm has a fifty day moving average of $239.34 and a two-hundred day moving average of $256.37. The firm has a market capitalization of $77.37 billion, a P/E ratio of 45.75, a price-to-earnings-growth ratio of 1.87 and a beta of 1.21. Howmet Aerospace Inc. has a 12-month low of $188.83 and a 12-month high of $310.00. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly 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. The business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. Howmet Aerospace's revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company 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 Inc. will post 5.34 EPS for the current fiscal year.

Howmet Aerospace Announces Dividend

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

Howmet Aerospace 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.

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