Diversify Advisory Services LLC purchased a new position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,867 shares of the company's stock, valued at approximately $1,977,000.
Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $12,318,939,000. Norges Bank acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth approximately $1,793,698,000. Bank of New York Mellon Corp purchased a new position in Howmet Aerospace during the second quarter valued at approximately $1,099,765,000. Price T Rowe Associates Inc. MD grew 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 valued at $3,409,936,000 after purchasing an additional 3,531,700 shares in the last quarter. Finally, Auto Owners Insurance Co increased its stake in Howmet Aerospace by 20,402.0% in the 4th quarter. Auto Owners Insurance Co now owns 1,441,906 shares of the company's stock valued at $29,562,000 after buying an additional 1,434,873 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.
Howmet Aerospace Price Performance
NYSE HWM opened at $292.76 on Wednesday. Howmet Aerospace Inc. has a 1 year low of $169.45 and a 1 year high of $310.00. The company has a fifty day simple moving average of $277.61 and a 200 day simple moving average of $257.54. 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 cap of $117.14 billion, a P/E ratio of 63.10, a P/E/G ratio of 2.07 and a beta of 1.20.
Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The company's quarterly revenue 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, sell-side analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current year.
Howmet Aerospace Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be given a dividend of $0.14 per share. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.12. The ex-dividend date is Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace's dividend payout ratio is currently 12.07%.
Analysts Set New Price Targets
HWM has been the subject of a number of research reports. Susquehanna lifted their target price on shares of Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Wells Fargo & Company reaffirmed an "outperform" rating and issued a $315.00 price target on shares of Howmet Aerospace in a research note on Monday, August 10th. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. Morgan Stanley reiterated an "overweight" rating and set a $335.00 price target on shares of Howmet Aerospace in a report on Monday, August 10th. Finally, UBS Group increased their price objective on Howmet Aerospace from $299.00 to $326.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $315.67.
Read Our Latest Analysis on HWM
About Howmet Aerospace
(
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.
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