Howmet Aerospace Inc. $HWM Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

Key Points

• UBS Asset Management increased its Howmet Aerospace stake by 8.2% in the second quarter, adding 232,619 shares to own 3.07 million shares worth approximately $826.7 million. Institutional investors collectively hold 90.46% of the company.
• Analysts remain broadly positive, with one Strong Buy, 17 Buy and two Hold ratings. Howmet has a consensus “Moderate Buy” rating and an average price target of $316.22.
• Howmet exceeded quarterly expectations, reporting $1.33 EPS and $2.55 billion in revenue, up 24.1% year over year. The company also raised its quarterly dividend from $0.12 to $0.14 per share.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,074,688 shares of the company's stock after buying an additional 232,619 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.77% of Howmet Aerospace worth $826,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New Mexico Educational Retirement Board boosted its holdings in Howmet Aerospace by 8.7% in the second quarter. New Mexico Educational Retirement Board now owns 20,009 shares of the company's stock valued at $5,380,000 after acquiring an additional 1,600 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in shares of Howmet Aerospace by 8.6% in the 2nd quarter. Mufg Securities Americas Inc. now owns 12,051 shares of the company's stock valued at $3,240,000 after purchasing an additional 957 shares in the last quarter. Van ECK Associates Corp increased its position in Howmet Aerospace by 32.2% during the 2nd quarter. Van ECK Associates Corp now owns 103,514 shares of the company's stock worth $27,831,000 after purchasing an additional 25,224 shares in the last quarter. Nissay Asset Management Corp Japan raised its holdings in Howmet Aerospace by 7.6% in the second quarter. Nissay Asset Management Corp Japan now owns 54,737 shares of the company's stock valued at $14,717,000 after buying an additional 3,869 shares during the period. Finally, Navellier & Associates Inc. lifted its position in Howmet Aerospace by 12.8% during the second quarter. Navellier & Associates Inc. now owns 82,136 shares of the company's stock valued at $22,083,000 after buying an additional 9,324 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on HWM. Jefferies Financial Group reiterated a "buy" rating and set a $370.00 target price on shares of Howmet Aerospace in a report on Sunday, August 9th. Royal Bank Of Canada boosted their price objective on shares of Howmet Aerospace from $325.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Susquehanna raised their target price on Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a research note on Friday, August 7th. Wall Street Zen downgraded Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 5th. Finally, TD Cowen lifted their price objective on Howmet Aerospace from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus price target of $316.22.

Howmet Aerospace Stock Down 1.2%

HWM stock opened at $264.48 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The firm's 50-day simple moving average is $277.41 and its 200 day simple moving average is $260.48. The stock has a market cap of $105.82 billion, a PE ratio of 57.00, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. Howmet Aerospace Inc. has a fifty-two week low of $170.81 and a fifty-two week high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (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 quarter in the previous year, the firm posted $0.91 EPS. The firm's quarterly 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, sell-side analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were paid a dividend of $0.14 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 7th. Howmet Aerospace's dividend payout ratio (DPR) is 12.07%.

Howmet Aerospace 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.

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).

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.