Concurrent Investment Advisors LLC Purchases 18,204 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Concurrent Investment Advisors increased its Howmet Aerospace stake by 172.7% in the second quarter, adding 18,204 shares and bringing its holdings to 28,743 shares valued at approximately $7.7 million. Institutional investors collectively own 90.46% of the company.
• Analysts maintain a positive view of Howmet, with one Strong Buy, 17 Buy and two Hold ratings. The stock has a “Moderate Buy” consensus rating and an average price target of $316.22.
• Howmet exceeded quarterly expectations with $1.33 in EPS and $2.55 billion in revenue, up 24.1% year over year. The company also raised its quarterly dividend from $0.12 to $0.14 per share.

Concurrent Investment Advisors LLC increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 172.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,743 shares of the company's stock after buying an additional 18,204 shares during the period. Concurrent Investment Advisors LLC's holdings in Howmet Aerospace were worth $7,728,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Howmet Aerospace in the 2nd quarter valued at about $12,318,939,000. State Street Corp grew its holdings in Howmet Aerospace by 2.2% during the fourth quarter. State Street Corp now owns 18,365,429 shares of the company's stock worth $3,765,280,000 after purchasing an additional 400,767 shares during the period. Price T Rowe Associates Inc. MD increased its position in Howmet Aerospace by 27.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company's stock worth $3,409,936,000 after buying an additional 3,531,700 shares during the last quarter. Geode Capital Management LLC increased its position in Howmet Aerospace by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company's stock worth $2,316,277,000 after buying an additional 221,775 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Howmet Aerospace by 1.7% in the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company's stock valued at $2,472,478,000 after buying an additional 177,533 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HWM. Sanford C. Bernstein raised their price objective on Howmet Aerospace from $318.00 to $328.00 and gave the company an "outperform" rating in a research report on Monday, August 24th. Citigroup reissued a "buy" rating on shares of Howmet Aerospace in a report on Tuesday. Royal Bank Of Canada increased their price target on Howmet Aerospace from $325.00 to $350.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Wall Street Zen downgraded Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 5th. Finally, Wells Fargo & Company reaffirmed an "outperform" rating and set a $315.00 price objective on shares of Howmet Aerospace in a research report on Monday, August 10th. 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $316.22.

Howmet Aerospace Stock Performance

Shares of NYSE HWM opened at $259.61 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. The firm has a market cap of $103.87 billion, a price-to-earnings ratio of 55.95, a P/E/G ratio of 2.34 and a beta of 1.19. The stock's fifty day moving average price is $275.44 and its two-hundred day moving average price is $261.15. Howmet Aerospace Inc. has a one year low of $173.38 and a one year high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The company had revenue of $2.55 billion during 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 company's revenue was up 24.1% on a year-over-year basis. During the same quarter last 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 forecast that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were paid a $0.14 dividend. This is a positive change 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 presently 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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