Groupe la Francaise Buys 26,905 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Groupe la Francaise increased its Howmet Aerospace stake by 18% in the second quarter, purchasing 26,905 shares to own 176,575 shares valued at approximately $47.5 million. Institutional investors collectively own 90.46% of HWM.
• Analysts remain broadly bullish, with one Strong Buy, 17 Buy, and two Hold ratings. Howmet has a consensus rating of “Moderate Buy” and an average price target of $316.22.
• Howmet exceeded quarterly expectations with adjusted earnings of $1.33 per share and revenue of $2.55 billion, up 24.1% year over year. The company also raised its quarterly dividend to $0.14 per share, equivalent to a 0.2% annual yield.

Groupe la Francaise grew its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,575 shares of the company's stock after buying an additional 26,905 shares during the period. Groupe la Francaise's holdings in Howmet Aerospace were worth $47,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HWM. West Paces Advisors Inc. bought a new position in shares of Howmet Aerospace in the second quarter valued at approximately $27,000. Bartlett & CO. Wealth Management LLC increased its holdings in Howmet Aerospace by 55.1% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company's stock worth $29,000 after acquiring an additional 38 shares during the period. Markowski Investments purchased a new stake in Howmet Aerospace in the 2nd quarter worth approximately $29,000. Acumen Wealth Advisors LLC purchased a new stake in Howmet Aerospace in the 4th quarter worth approximately $25,000. Finally, Newbridge Financial Services Group Inc. boosted its holdings in Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock valued at $25,000 after purchasing an additional 73 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on HWM shares. Wall Street Zen lowered shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 5th. Sanford C. Bernstein boosted their target price on Howmet Aerospace from $318.00 to $328.00 and gave the stock an "outperform" rating in a research report on Monday, August 24th. Royal Bank Of Canada upped their target price on Howmet Aerospace from $325.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Zacks Research raised Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 12th. Finally, Susquehanna lifted their price target on Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a research report on Friday, August 7th. One 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $316.22.

Howmet Aerospace Stock Performance

NYSE HWM opened at $259.61 on Monday. Howmet Aerospace Inc. has a 52-week low of $173.38 and a 52-week high of $310.00. The company has a fifty day moving average of $275.44 and a 200-day moving average of $261.23. The company has a market capitalization of $103.87 billion, a P/E ratio of 55.95, a P/E/G ratio of 2.34 and a beta of 1.19. 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 (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating 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 business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.43 billion. During the same quarter in the prior year, the firm earned $0.91 earnings per share. The firm's revenue 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. As a group, equities research analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. Howmet Aerospace's payout ratio is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.