Danske Bank A S Purchases New Position in Howmet Aerospace Inc. $HWM

Key Points

• Danske Bank acquired 471,853 shares of Howmet Aerospace in the second quarter, worth approximately $126.9 million. Institutional investors collectively own 90.46% of the company.
• Analysts remain broadly bullish, with a consensus rating of “Moderate Buy” and an average price target of $315.67. Recent targets range from $320 to $370.
• Howmet reported better-than-expected quarterly results, with EPS of $1.33 and revenue of $2.55 billion, while revenue rose 24.1% year over year. The company also increased its quarterly dividend to $0.14 from $0.12.

Danske Bank A S purchased a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 471,853 shares of the company's stock, valued at approximately $126,862,000. Danske Bank A S owned approximately 0.12% of Howmet Aerospace at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. boosted its position in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. Acumen Wealth Advisors LLC bought a new position in shares of Howmet Aerospace in the 4th quarter worth approximately $25,000. West Paces Advisors Inc. bought a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $27,000. Cornerstone Financial Management LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter valued at approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in shares of Howmet Aerospace by 65.1% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company's stock valued at $28,000 after purchasing an additional 54 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HWM. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $320.00 price objective on shares of Howmet Aerospace in a report on Friday, May 8th. UBS Group boosted their target price on shares of Howmet Aerospace from $299.00 to $326.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Zacks Research raised shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Jefferies Financial Group reiterated a "buy" rating and issued a $370.00 price target on shares of Howmet Aerospace in a research note on Sunday, August 9th. Finally, Morgan Stanley reissued an "overweight" rating and set a $335.00 price target 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 issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and an average target price of $315.67.

Howmet Aerospace Stock Up 1.3%

HWM stock opened at $292.76 on Wednesday. The business has a 50 day moving average of $277.61 and a 200 day moving average of $257.54. The firm has a market cap of $117.14 billion, a PE ratio of 63.10, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20. Howmet Aerospace Inc. has a twelve month low of $169.45 and a twelve month high of $310.00. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71.

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 return on equity of 33.91% and a net margin of 20.52%.The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the company posted $0.91 earnings per share. The company's revenue for the quarter 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. On average, research analysts forecast that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal 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 paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, August 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. Howmet Aerospace's dividend payout ratio (DPR) 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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