Brasada Capital Management LP Purchases New Holdings in Howmet Aerospace Inc. $HWM

Key Points

• Brasada Capital Management purchased 31,556 shares of Howmet Aerospace worth approximately $8.5 million, while institutional investors collectively own 90.46% of the company.
• Howmet reported strong quarterly results, with earnings of $1.33 per share and revenue of $2.55 billion, exceeding analyst estimates; revenue increased 24.1% year over year.
• The company raised its quarterly dividend from $0.12 to $0.14 per share. Analysts remain bullish, assigning the stock a “Moderate Buy” consensus rating and an average price target of $316.22.

Brasada Capital Management LP purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 31,556 shares of the company's stock, valued at approximately $8,484,000.

Other hedge funds also recently modified their holdings of the company. MUFG Securities EMEA plc boosted its position in shares of Howmet Aerospace by 752.6% during the 4th quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company's stock valued at $13,487,000 after acquiring an additional 58,067 shares in the last quarter. M&T Bank Corp raised its position in Howmet Aerospace by 75.0% in the fourth quarter. M&T Bank Corp now owns 42,975 shares of the company's stock worth $8,810,000 after purchasing an additional 18,417 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Howmet Aerospace by 57.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company's stock worth $2,909,000 after purchasing an additional 5,181 shares during the period. Bearing Point Capital LLC lifted its stake in Howmet Aerospace by 9.5% during the fourth quarter. Bearing Point Capital LLC now owns 54,619 shares of the company's stock worth $11,198,000 after purchasing an additional 4,757 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in Howmet Aerospace by 95.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company's stock valued at $5,609,000 after purchasing an additional 11,878 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

NYSE:HWM opened at $267.52 on Friday. The firm has a market cap of $107.04 billion, a PE ratio of 57.65, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. Howmet Aerospace Inc. has a 12 month low of $170.81 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. The company's 50-day moving average price is $277.68 and its two-hundred day moving average price is $260.45.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data 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 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%. The company's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were given a dividend of $0.14 per share. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.12. The ex-dividend date 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%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Howmet Aerospace from $325.00 to $350.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Morgan Stanley restated an "overweight" rating and set a $335.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. Wall Street Zen lowered Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 5th. Susquehanna upped their price target on Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a research report on Friday, August 7th. Finally, Citigroup reiterated a "buy" rating on shares of Howmet Aerospace in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $316.22.

About Howmet Aerospace

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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