Bank of America Corp DE Invests $2.77 Billion in Howmet Aerospace Inc. $HWM

Key Points

• Bank of America acquired 10.29 million Howmet Aerospace shares worth approximately $2.77 billion, representing a 2.57% stake. Institutional investors collectively own 90.46% of the company.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus rating and an average price target of $318; several firms recently raised their targets or upgraded the stock.
• Howmet reported quarterly EPS of $1.33 and revenue of $2.55 billion, surpassing estimates, while revenue rose 24.1% year over year. The company also increased its quarterly dividend to $0.14 from $0.12.

Bank of America Corp DE acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,290,881 shares of the company's stock, valued at approximately $2,766,806,000. Bank of America Corp DE owned approximately 2.57% of Howmet Aerospace as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Freestone Grove Partners LP bought a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $79,481,000. Caisse de depot et placement du Quebec purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $196,979,000. Sculptor Capital LP purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $66,140,000. Man Group plc bought a new stake in Howmet Aerospace in the second quarter valued at approximately $104,566,000. Finally, Invst LLC bought a new stake in Howmet Aerospace in the 2nd quarter worth $617,000. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on HWM shares. Weiss Ratings upgraded Howmet Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. Sanford C. Bernstein upped their target price on Howmet Aerospace from $318.00 to $328.00 and gave the company an "outperform" rating in a report on Monday, August 24th. Citigroup restated a "buy" rating on shares of Howmet Aerospace in a report on Tuesday, September 1st. Zacks Research raised shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada lifted their target price on shares of Howmet Aerospace from $325.00 to $350.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $318.00.

Howmet Aerospace Price Performance

NYSE:HWM opened at $227.34 on Tuesday. The business's 50-day moving average is $271.09 and its 200 day moving average is $260.38. Howmet Aerospace Inc. has a 12 month low of $182.78 and a 12 month high of $310.00. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $90.96 billion, a P/E ratio of 49.00, a P/E/G ratio of 2.07 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $2.43 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. Howmet Aerospace's revenue was up 24.1% on a year-over-year basis. 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 research analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

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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