Citizens Financial Group Inc. RI Buys New Position in Howmet Aerospace Inc. $HWM

Key Points

• Citizens Financial Group initiated a position in Howmet Aerospace, buying 13,190 shares valued at approximately $3.5 million. Institutional investors collectively own 90.46% of HWM.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $315.67; several firms recently raised their targets to between $326 and $370.
• Howmet exceeded quarterly earnings and revenue expectations, reporting $1.33 in EPS and $2.55 billion in revenue, while increasing its quarterly dividend from $0.12 to $0.14 per share.

Citizens Financial Group Inc. RI purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 13,190 shares of the company's stock, valued at approximately $3,546,000.

Several other institutional investors also recently added to or reduced their stakes in HWM. 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 buying an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC acquired a new position in shares of Howmet Aerospace in the 4th quarter valued at $25,000. West Paces Advisors Inc. purchased a new stake in Howmet Aerospace in the 2nd quarter valued at $27,000. Cornerstone Financial Management LLC acquired a new stake in Howmet Aerospace during the 4th quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company's stock worth $28,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on HWM shares. Weiss Ratings downgraded shares of Howmet Aerospace from a "buy (b)" rating to a "buy (b-)" rating in a research report on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Morgan Stanley reissued an "overweight" rating and set a $335.00 price target on shares of Howmet Aerospace in a report on Monday, August 10th. Jefferies Financial Group restated a "buy" rating and issued a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. Finally, UBS Group upped their price objective on Howmet Aerospace from $299.00 to $326.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. 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. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of "Moderate Buy" and a consensus target price of $315.67.

Howmet Aerospace Stock Performance

Shares of HWM opened at $289.37 on Tuesday. 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 $115.78 billion, a P/E ratio of 62.36, a P/E/G ratio of 2.07 and a beta of 1.20. The company's fifty day moving average is $276.89 and its two-hundred day moving average is $256.96. Howmet Aerospace Inc. has a 1 year low of $169.45 and a 1 year high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter last year, the business earned $0.91 EPS. The business'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, sell-side analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a dividend of $0.14 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a 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%.

Howmet Aerospace 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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