Andra AP fonden Buys 6,900 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Andra AP fonden increased its Howmet Aerospace stake by 12.7% in the second quarter, purchasing 6,900 additional shares for a total of 61,272 shares valued at approximately $16.5 million.
• Howmet reported strong quarterly results, with EPS of $1.33 versus the $1.24 consensus and revenue of $2.55 billion, up 24.1% year over year. The company guided for third-quarter 2026 EPS of $1.34–$1.36.
• Howmet raised its quarterly dividend from $0.12 to $0.14 per share. Analysts maintain a consensus “Buy” rating with an average price target of $318, compared with shares opening at $225.56.

Andra AP fonden raised its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 12.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,272 shares of the company's stock after purchasing an additional 6,900 shares during the period. Andra AP fonden's holdings in Howmet Aerospace were worth $16,474,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of Howmet Aerospace in the second quarter valued at approximately $12,318,939,000. State Street Corp increased its position in Howmet Aerospace by 3.3% during the 2nd quarter. State Street Corp now owns 18,933,928 shares of the company's stock worth $5,090,576,000 after buying an additional 612,866 shares during the period. Geode Capital Management LLC boosted its position in shares of Howmet Aerospace by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company's stock valued at $2,316,277,000 after acquiring an additional 221,775 shares during the period. Bank of America Corp DE boosted its position in shares of Howmet Aerospace by 1.7% in the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company's stock valued at $2,472,478,000 after acquiring an additional 177,533 shares during the period. Finally, Norges Bank acquired a new position in shares of Howmet Aerospace in the fourth quarter valued at about $1,793,698,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $225.56 on Wednesday. The company's 50 day simple moving average is $265.52 and its 200 day simple moving average is $258.93. The stock has a market capitalization of $90.25 billion, a price-to-earnings ratio of 48.61, a price-to-earnings-growth ratio of 2.05 and a beta of 1.19. 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 Inc. has a 1 year low of $183.83 and a 1 year 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 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.09. The firm 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 company's quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the company earned $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, research analysts predict 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 was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace's payout ratio is presently 12.07%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Jefferies Financial Group reaffirmed a "buy" rating and set a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. Wells Fargo & Company restated an "outperform" rating and set a $315.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. Citigroup restated a "buy" rating on shares of Howmet Aerospace in a research report on Tuesday, September 1st. Sanford C. Bernstein raised their target price on shares of Howmet Aerospace from $318.00 to $328.00 and gave the stock an "outperform" rating in a report on Monday, August 24th. Finally, UBS Group lifted their price target on shares of Howmet Aerospace from $299.00 to $326.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $318.00.

Howmet Aerospace Profile

Howmet Aerospace Inc NYSE: HWM is an aerospace and industrial manufacturer that develops and produces engineered components for commercial and defense aircraft, as well as products for transportation, energy and other industrial markets. Its offerings include aircraft engine components, airframe structures, fastening systems and forged aluminum wheels for commercial transportation.

The company's aerospace products include turbine airfoils, engine casings, structural components and other specialized parts designed to support aircraft performance and efficiency.

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