Howmet Aerospace Inc. $HWM Shares Bought by CX Institutional

Key Points

• CX Institutional increased its Howmet Aerospace stake by 521.5% during the third quarter, owning 38,183 shares valued at approximately $8.6 million. Institutional investors and hedge funds collectively hold 90.46% of HWM shares.
• Howmet reported quarterly EPS of $1.33, exceeding analyst expectations of $1.24, while revenue rose 24.1% year over year to $2.55 billion. The company also raised its quarterly dividend from $0.12 to $0.14 per share.
• HWM shares traded at $231.48, down substantially from their 12-month high of $310. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $314.84.

CX Institutional lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 521.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,183 shares of the company's stock after acquiring an additional 32,039 shares during the quarter. CX Institutional's holdings in Howmet Aerospace were worth $8,636,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HWM. BlackRock Inc. acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at $12,318,939,000. State Street Corp raised its holdings in Howmet Aerospace by 3.3% during the 2nd quarter. State Street Corp now owns 18,933,928 shares of the company's stock worth $5,090,576,000 after buying an additional 612,866 shares during the period. Bank of America Corp DE raised its holdings in Howmet Aerospace by 1.7% during the 1st quarter. Bank of America Corp DE now owns 10,728,447 shares of the company's stock worth $2,472,478,000 after buying an additional 177,533 shares during the period. Jupiter Topco LLC purchased a new stake in Howmet Aerospace during the second quarter valued at about $2,065,086,000. Finally, Bank of New York Mellon Corp purchased a new stake in Howmet Aerospace during the second quarter valued at about $1,099,765,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Stock Up 1.4%

Shares of NYSE HWM traded up $3.10 during mid-day trading on Friday, reaching $231.48. The company had a trading volume of 2,245,788 shares, compared to its average volume of 2,725,422. 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 company has a market capitalization of $92.62 billion, a price-to-earnings ratio of 49.89, a PEG ratio of 2.04 and a beta of 1.21. The stock has a fifty day moving average of $257.63 and a two-hundred day moving average of $257.78. Howmet Aerospace Inc. has a 12-month low of $183.83 and a 12-month high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.09. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The firm's revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. 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 expect that Howmet Aerospace Inc. will post 5.33 EPS for the current 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 issued a dividend of $0.14 per share. The ex-dividend date was Friday, August 7th. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. Howmet Aerospace's dividend payout ratio is presently 12.07%.

Analyst Upgrades and Downgrades

Several brokerages have commented on HWM. Morgan Stanley reiterated an "overweight" rating and issued a $335.00 target price on shares of Howmet Aerospace in a report on Monday, August 10th. Jefferies Financial Group restated a "buy" rating and issued a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. Wells Fargo & Company reduced their price target on shares of Howmet Aerospace from $315.00 to $255.00 and set an "equal weight" rating for the company in a research report on Wednesday. Guggenheim began coverage on shares of Howmet Aerospace in a research note on Monday, September 14th. They issued a "buy" rating and a $350.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and an average price target of $314.84.

Howmet Aerospace Profile

Howmet Aerospace Inc NYSE: HWM is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company's principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.

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