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Howmet Aerospace Inc. $HWM Stock: Brookstone Capital Management Raises Holdings

Howmet Aerospace logo with Industrials background
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Key Points

Brookstone Capital Management boosted its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 878.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,435 shares of the company's stock after acquiring an additional 34,505 shares during the quarter. Brookstone Capital Management's holdings in Howmet Aerospace were worth $8,693,000 at the end of the most recent reporting period.

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

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $185.74 on Friday. 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 $183.52 and a 52 week high of $310.00. The stock has a market capitalization of $74.32 billion, a P/E ratio of 40.03, a price-to-earnings-growth ratio of 1.73 and a beta of 1.21. The stock has a fifty day moving average of $237.27 and a 200-day moving average of $255.88.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.09. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%. Howmet Aerospace's revenue was up 24.1% compared to the same quarter last year. During the same period last 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. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 5.34 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, November 6th. Howmet Aerospace's dividend payout ratio is currently 12.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HWM shares. Wall Street Zen downgraded Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 5th. Citigroup reissued a "buy" rating on shares of Howmet Aerospace in a report on Wednesday, September 30th. UBS Group boosted their price target on Howmet Aerospace from $299.00 to $326.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their price target 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. Finally, BNP Paribas Exane cut their price objective on shares of Howmet Aerospace from $345.00 to $310.00 and set an "outperform" rating for the company in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $310.29.

Check Out Our Latest Stock Report on HWM

Howmet Aerospace Profile

(Free Report)

Howmet Aerospace Inc NYSE: HWM is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.

Howmet's product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.

Read More

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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.

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