Canada Pension Plan Investment Board Buys New Stake in Howmet Aerospace Inc. $HWM

Key Points

• Canada Pension Plan Investment Board bought 386,197 shares of Howmet Aerospace worth approximately $103.8 million, representing about 0.10% of the company. Institutional investors collectively own 90.46% of Howmet’s stock.
• Analyst sentiment remains positive, with one Strong Buy, 17 Buy and two Hold ratings. Howmet has a consensus rating of “Moderate Buy” and an average price target of $316.22.
• Howmet exceeded quarterly expectations with adjusted EPS of $1.33 versus the $1.24 consensus and revenue of $2.55 billion, up 24.1% year over year. The company also raised its quarterly dividend from $0.12 to $0.14 per share.

Canada Pension Plan Investment Board purchased a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 386,197 shares of the company's stock, valued at approximately $103,833,000. Canada Pension Plan Investment Board owned approximately 0.10% of Howmet Aerospace as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc increased its position in Howmet Aerospace by 752.6% in 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 lifted its position in shares of Howmet Aerospace by 75.0% during 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 position in shares of 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 in the last quarter. Bearing Point Capital LLC grew its stake in shares of Howmet Aerospace by 9.5% during the fourth quarter. Bearing Point Capital LLC now owns 54,619 shares of the company's stock valued at $11,198,000 after purchasing an additional 4,757 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of 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 during the last quarter. Institutional investors own 90.46% of the company's stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Susquehanna boosted their price objective on shares of Howmet Aerospace from $330.00 to $340.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. BTIG Research lifted their target price on Howmet Aerospace from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Wall Street Zen downgraded Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 5th. Zacks Research raised Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 12th. Finally, UBS Group raised their price target on Howmet Aerospace from $299.00 to $326.00 and gave the company a "neutral" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $316.22.

Howmet Aerospace Stock Up 2.0%

NYSE:HWM opened at $269.32 on Thursday. Howmet Aerospace Inc. has a 1 year low of $170.81 and a 1 year high of $310.00. The stock has a 50-day moving average price of $277.90 and a two-hundred day moving average price of $260.14. The stock has a market cap of $107.76 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 1.89 and a beta of 1.20. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the firm posted $0.91 earnings per share. 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. As a group, equities analysts expect that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were 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 was Friday, August 7th. This represents a $0.56 annualized dividend and a yield of 0.2%. 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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