Arizona State Retirement System Acquires 6,612 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Arizona State Retirement System increased its Howmet Aerospace stake by 6.3% in the second quarter, purchasing 6,612 additional shares and bringing its holdings to 111,254 shares valued at approximately $29.9 million. Institutional investors collectively own 90.46% of the company.
• Howmet shares fell 11.2% to $230.32 during Tuesday trading, despite the company reporting quarterly EPS of $1.33 and revenue of $2.55 billion, both ahead of analyst expectations. Revenue increased 24.1% year over year.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $316.22. Howmet also raised its quarterly dividend from $0.12 to $0.14 per share.

Arizona State Retirement System grew its stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,254 shares of the company's stock after buying an additional 6,612 shares during the period. Arizona State Retirement System's holdings in Howmet Aerospace were worth $29,912,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. West Paces Advisors Inc. acquired a new position in Howmet Aerospace in the second quarter valued at approximately $27,000. Bartlett & CO. Wealth Management LLC increased its holdings in Howmet Aerospace by 55.1% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company's stock worth $29,000 after purchasing an additional 38 shares in the last quarter. Markowski Investments purchased a new stake in Howmet Aerospace in the 2nd quarter valued at $29,000. Acumen Wealth Advisors LLC purchased a new position in Howmet Aerospace in the fourth quarter worth $25,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Tuesday, September 1st. Wells Fargo & Company reiterated an "outperform" rating and issued a $315.00 price objective on shares of Howmet Aerospace in a report on Monday, August 10th. Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Morgan Stanley reiterated an "overweight" rating and issued a $335.00 price objective on shares of Howmet Aerospace in a research report on Monday, August 10th. Finally, Wall Street Zen lowered shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $316.22.

Howmet Aerospace Stock Down 11.2%

Shares of Howmet Aerospace stock traded down $28.95 during midday trading on Tuesday, hitting $230.32. The company had a trading volume of 11,666,532 shares, compared to its average volume of 2,691,714. The company has a 50 day moving average of $274.48 and a 200 day moving average of $261.15. 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 has a market capitalization of $92.15 billion, a P/E ratio of 49.64, a P/E/G ratio of 2.34 and a beta of 1.19. Howmet Aerospace Inc. has a 52-week low of $176.32 and a 52-week high of $310.00.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter in the previous year, the business posted $0.91 EPS. Howmet Aerospace's 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. On average, equities analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. Howmet Aerospace's dividend payout ratio is 12.07%.

Howmet Aerospace Company Profile

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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