Cibc World Market Inc. Buys Shares of 35,951 Howmet Aerospace Inc. $HWM

Key Points

• CIBC World Market purchased 35,951 shares of Howmet Aerospace worth approximately $9.7 million, while institutional investors collectively own 90.46% of the company.
• Howmet reported strong quarterly results, with adjusted EPS of $1.33 and revenue of $2.55 billion, up 24.1% year over year. The company issued third-quarter EPS guidance of $1.34–$1.36 and full-year guidance of $5.23–$5.31.
• The stock traded at $263.12, down 3.1%, while analysts maintained an overall “Moderate Buy” consensus with an average price target of $316.22. Howmet also raised its quarterly dividend from $0.12 to $0.14 per share.

Cibc World Market Inc. purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 35,951 shares of the company's stock, valued at approximately $9,666,000.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after purchasing an additional 130 shares in the last quarter. Acadian Asset Management LLC bought a new position in Howmet Aerospace in the first quarter worth about $399,000. Sivia Capital Partners LLC purchased a new stake in shares of Howmet Aerospace during the second quarter valued at about $216,000. Brown Advisory Inc. boosted its holdings in shares of Howmet Aerospace by 31.0% in the 2nd quarter. Brown Advisory Inc. now owns 4,180 shares of the company's stock valued at $778,000 after buying an additional 990 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $145,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 3.1%

NYSE:HWM opened at $263.12 on Tuesday. Howmet Aerospace Inc. has a 12 month low of $170.81 and a 12 month high of $310.00. The firm has a fifty day simple moving average of $278.46 and a 200-day simple moving average of $259.33. 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 $105.28 billion, a P/E ratio of 56.71, a PEG ratio of 1.94 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The firm's revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. 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 anticipate that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently commented on HWM shares. Wall Street Zen cut shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 5th. Citigroup reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Wednesday, August 12th. Susquehanna upped their price target on Howmet Aerospace from $330.00 to $340.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. BNP Paribas Exane reiterated an "outperform" rating and set a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $370.00 price objective on shares of Howmet Aerospace in a research report on Sunday, August 9th. 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, Howmet Aerospace has an average rating of "Moderate Buy" and a consensus price target of $316.22.

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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