Howmet Aerospace Inc. $HWM Stock: Covenant Asset Management LLC Trims Holdings

Covenant Asset Management LLC trimmed its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 19.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,237 shares of the company's stock after selling 9,256 shares during the period. Howmet Aerospace makes up approximately 1.2% of Covenant Asset Management LLC's portfolio, making the stock its 18th biggest position. Covenant Asset Management LLC's holdings in Howmet Aerospace were worth $8,648,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HWM. BlackRock Inc. bought a new position in Howmet Aerospace in the second quarter worth approximately $12,318,939,000. Bank of America Corp DE bought a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $2,766,806,000. Jupiter Topco LLC bought a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $2,065,086,000. Bank of New York Mellon Corp bought a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $1,099,765,000. Finally, Legal & General Group Plc acquired a new position in shares of Howmet Aerospace during the second quarter worth approximately $580,991,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

HWM stock opened at $217.13 on Thursday. The company has a market capitalization of $86.87 billion, a P/E ratio of 46.79, a price-to-earnings-growth ratio of 1.95 and a beta of 1.21. 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 $187.46 and a 52-week high of $310.00. The business has a 50-day simple moving average of $247.83 and a two-hundred day simple moving average of $257.15.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The firm had revenue of $2.55 billion during 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%. The company's revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. 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. Research analysts expect that Howmet Aerospace Inc. will post 5.34 EPS for the current fiscal year.

Howmet Aerospace Dividend Announcement

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

Trending Headlines about Howmet Aerospace

Here are the key news stories impacting Howmet Aerospace this week:

• Positive Sentiment: Howmet declared a quarterly dividend of $0.14 per share, payable November 25 to shareholders of record November 6. The $0.56 annualized payout provides a 0.3% yield and signals continued confidence in cash generation, although the income contribution is modest. Howmet Aerospace Board Approves Common Stock Dividend
• Positive Sentiment: Goldman Sachs maintained its Buy rating, supporting the bullish view that Howmet’s aerospace exposure, aftermarket business and long-term growth prospects remain attractive. Goldman Sachs Keeps Their Buy Rating on Howmet Aerospace
• Positive Sentiment: A bullish investment thesis points to a commercial aerospace recovery, AI-related electricity demand and Howmet’s specialized, high-temperature components. Its technical expertise, regulatory barriers and recurring high-margin aftermarket revenue could support a multiyear growth trend. Howmet Aerospace: A Buy-The-Dip Opportunity In A Potential Multi-Year Up-Trend
• Neutral Sentiment: Investors are preparing for the next quarterly earnings report. The company’s prior quarter exceeded revenue and EPS expectations, while current guidance calls for third-quarter EPS of $1.34–$1.36 and full-year EPS of $5.23–$5.31. Howmet Aerospace's Quarterly Earnings Preview
• Negative Sentiment: Deutsche Bank reduced its price target to $310 from $343. Although the revised target remains above the current share price, the cut may weigh on sentiment by signaling more limited near-term upside. Deutsche Bank Adjusts Price Target on Howmet Aerospace
• Negative Sentiment: Valuation commentary describes HWM as fairly valued on cash flow and argues that the stock needs a better entry point, highlighting the risk that its elevated earnings multiple already reflects substantial growth expectations. Howmet Aerospace: A Better Growth Mix Still Needs A Better Entry Point

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on HWM shares. Zacks Research lowered Howmet Aerospace from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 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, September 30th. Citigroup restated a "buy" rating on shares of Howmet Aerospace in a research note on Wednesday, September 30th. Jefferies Financial Group restated a "buy" rating and set a $370.00 price target (up from $340.00) on shares of Howmet Aerospace in a research note on Sunday, August 9th. Finally, UBS Group upped their price objective on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and an average price target of $312.67.

Howmet Aerospace Company 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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