Daiichi Life Insurance Co. Ltd. purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,922 shares of the company's stock, valued at approximately $5,894,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in HWM. BlackRock Inc. purchased a new position in shares of Howmet Aerospace in the second quarter worth approximately $12,318,939,000. Norges Bank purchased a new stake in Howmet Aerospace during the fourth quarter valued at approximately $1,793,698,000. Bank of New York Mellon Corp bought a new position in Howmet Aerospace in the second quarter worth approximately $1,099,765,000. Price T Rowe Associates Inc. MD raised its position in Howmet Aerospace by 27.0% in 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 acquiring an additional 3,531,700 shares during the period. Finally, Auto Owners Insurance Co boosted its stake in shares of Howmet Aerospace by 20,402.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,441,906 shares of the company's stock worth $29,562,000 after acquiring an additional 1,434,873 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.
Howmet Aerospace Price Performance
Shares of NYSE:HWM opened at $271.58 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. Howmet Aerospace Inc. has a 1-year low of $170.24 and a 1-year high of $310.00. The company has a market capitalization of $108.66 billion, a P/E ratio of 58.53, a P/E/G ratio of 1.94 and a beta of 1.20. The firm's 50 day simple moving average is $278.62 and its two-hundred day simple moving average is $258.62.
Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its quarterly 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 business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company's revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the business posted $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. Research analysts expect that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.
Howmet Aerospace Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.56 annualized dividend and a yield of 0.2%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. Howmet Aerospace's payout ratio is currently 12.07%.
Wall Street Analysts Forecast Growth
HWM has been the subject of a number of recent research reports. Morgan Stanley reissued an "overweight" rating and set a $335.00 price objective on shares of Howmet Aerospace in a research report on Monday, August 10th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $318.00 target price on shares of Howmet Aerospace in a report on Tuesday, June 16th. Wells Fargo & Company reiterated an "outperform" rating and set a $315.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. Susquehanna lifted their target price 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, BTIG Research boosted their price target on Howmet Aerospace from $300.00 to $340.00 and gave the company a "buy" rating in a report on Monday, August 10th. One research 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $315.67.
Check Out Our Latest Analysis on Howmet Aerospace
Howmet Aerospace Profile
(
Free Report)
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.
Further Reading
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