Freestone Grove Partners LP Acquires New Shares in Howmet Aerospace Inc. $HWM

Key Points

• Freestone Grove Partners LP acquired 295,623 shares of Howmet Aerospace in the second quarter, valued at approximately $79.5 million. Institutional investors and hedge funds collectively own 90.46% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $316.22; recent targets range as high as $350.
• Howmet exceeded quarterly expectations with $1.33 in EPS and $2.55 billion in revenue, while revenue rose 24.1% year over year. The company also increased its quarterly dividend from $0.12 to $0.14 per share.

Freestone Grove Partners LP bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 295,623 shares of the company's stock, valued at approximately $79,481,000. Freestone Grove Partners LP owned about 0.07% of Howmet Aerospace as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of HWM. MUFG Securities EMEA plc increased its stake in Howmet Aerospace by 752.6% during the 4th quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company's stock worth $13,487,000 after purchasing an additional 58,067 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Howmet Aerospace by 75.0% during the 4th quarter. M&T Bank Corp now owns 42,975 shares of the company's stock worth $8,810,000 after buying an additional 18,417 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Howmet Aerospace by 57.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company's stock valued at $2,909,000 after purchasing an additional 5,181 shares in the last quarter. Bearing Point Capital LLC increased its holdings in Howmet Aerospace by 9.5% during the fourth quarter. Bearing Point Capital LLC now owns 54,619 shares of the company's stock worth $11,198,000 after buying an additional 4,757 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of Howmet Aerospace by 95.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company's stock worth $5,609,000 after purchasing an additional 11,878 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HWM shares. 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. Weiss Ratings upgraded Howmet Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Wells Fargo & Company reaffirmed an "outperform" rating and issued a $315.00 price objective on shares of Howmet Aerospace in a report on Monday, August 10th. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Finally, BNP Paribas Exane reissued an "outperform" rating and set a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Howmet Aerospace currently has a consensus rating of "Moderate Buy" and a consensus price target of $316.22.

Howmet Aerospace Trading Up 2.0%

Shares of HWM opened at $269.32 on Thursday. Howmet Aerospace Inc. has a 52-week low of $170.81 and a 52-week high of $310.00. The business's fifty day moving average is $277.90 and its 200-day moving average is $260.14. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. The firm has a market cap of $107.76 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 1.89 and a beta of 1.20.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share 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 during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the prior year, the company earned $0.91 EPS. Howmet Aerospace's revenue for the quarter was up 24.1% on a year-over-year basis. 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. Equities analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, August 7th. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. Howmet Aerospace's dividend payout ratio is 12.07%.

About Howmet Aerospace

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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