Allworth Financial LP purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,930 shares of the company's stock, valued at approximately $4,821,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. lifted its stake in shares of Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock worth $25,000 after acquiring an additional 73 shares during the period. Acumen Wealth Advisors LLC acquired a new position in Howmet Aerospace during the 4th quarter worth approximately $25,000. West Paces Advisors Inc. purchased a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $27,000. Cornerstone Financial Management LLC purchased a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Howmet Aerospace by 65.1% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company's stock valued at $28,000 after buying an additional 54 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on HWM shares. BNP Paribas Exane restated an "outperform" rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. Wells Fargo & Company reiterated an "outperform" rating and issued a $315.00 price objective on shares of Howmet Aerospace in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $320.00 target price on shares of Howmet Aerospace in a research report on Friday, May 8th. 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, Susquehanna increased their price target on shares of Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $315.67.
Read Our Latest Stock Report on Howmet Aerospace
Howmet Aerospace Stock Down 3.6%
HWM opened at $273.39 on Friday. 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 company has a market cap of $109.39 billion, a price-to-earnings ratio of 58.92, a PEG ratio of 2.03 and a beta of 1.20. Howmet Aerospace Inc. has a one year low of $170.24 and a one year high of $310.00. The business's fifty day moving average is $278.47 and its two-hundred day moving average is $258.53.
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 for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. The business had revenue of $2.55 billion during the quarter, compared to analysts' expectations 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 for the quarter was up 24.1% on a year-over-year basis. During the same quarter last year, the business 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. Analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.
Howmet Aerospace Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.14 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 7th. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace's payout ratio is 12.07%.
About Howmet Aerospace
(
Free Report)
Howmet Aerospace Inc is an industrial technology company that designs, manufactures and repairs engineered metal products for the aerospace, transportation and industrial markets. Its product portfolio includes precision castings and forgings, engineered fasteners, seamless rolled rings, and complex components for turbine engines, airframes and industrial gas turbines. The company also provides aftermarket services such as component repair, overhaul and parts distribution to support the operating fleet of commercial and military customers.
Howmet serves a global customer base of original equipment manufacturers (OEMs) and aftermarket operators, with manufacturing, service and distribution facilities across North America, Europe and Asia.
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