Empowered Funds LLC Makes New Investment in Howmet Aerospace Inc. $HWM

Key Points

• Empowered Funds LLC acquired 47,079 shares of Howmet Aerospace in the second quarter, valued at approximately $12.7 million. Institutional investors collectively own 90.46% of the company.
• Howmet reported strong quarterly results, with EPS of $1.33 and revenue of $2.55 billion, exceeding estimates and representing 24.1% year-over-year revenue growth.
• The company raised its quarterly dividend from $0.12 to $0.14 per share, while analysts maintained a generally positive outlook with a “Moderate Buy” consensus and an average price target of $316.22.

Empowered Funds LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 47,079 shares of the company's stock, valued at approximately $12,658,000.

Several other institutional investors have also made changes to their positions in the company. United Capital Financial Advisors LLC acquired a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $4,374,000. Dearborn Partners LLC purchased a new position in Howmet Aerospace during the 2nd quarter worth approximately $246,000. Caitlin John LLC purchased a new position in Howmet Aerospace during the 2nd quarter worth approximately $413,000. Equitable Holdings Inc. acquired a new stake in Howmet Aerospace during the 2nd quarter valued at $782,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter valued at $125,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Down 1.2%

NYSE:HWM opened at $264.48 on Friday. The company has a market capitalization of $105.82 billion, a P/E ratio of 57.00, a P/E/G ratio of 1.91 and a beta of 1.20. The stock's 50 day moving average price is $277.41 and its 200 day moving average price is $260.48. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. Howmet Aerospace Inc. has a 52 week low of $170.81 and a 52 week 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 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 the consensus estimate of $2.43 billion. During the same period in the previous year, the firm 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were issued a $0.14 dividend. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, August 7th. Howmet Aerospace's dividend payout ratio is currently 12.07%.

Wall Street Analyst Weigh In

Several analysts have recently commented on HWM shares. Wells Fargo & Company reaffirmed an "outperform" rating and issued a $315.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. Sanford C. Bernstein increased their price objective on Howmet Aerospace from $318.00 to $328.00 and gave the stock an "outperform" rating in a research note on Monday, August 24th. Weiss Ratings upgraded Howmet Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, August 19th. Royal Bank Of Canada upped their target price on Howmet Aerospace from $325.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, August 7th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $316.22.

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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