Howmet Aerospace Inc. $HWM Stock Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Howmet Aerospace stake by 70% in the third quarter, selling 13,142 shares and retaining 5,627 shares valued at approximately $1.27 million.
• Institutional investors and hedge funds own 90.46% of Howmet Aerospace, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $310.29.
• Howmet exceeded quarterly earnings expectations, reporting $1.33 in EPS and $2.55 billion in revenue, up 24.1% year over year; it also declared a quarterly dividend of $0.14 per share.

Axxcess Wealth Management LLC reduced its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 70.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,627 shares of the company's stock after selling 13,142 shares during the quarter. Axxcess Wealth Management LLC's holdings in Howmet Aerospace were worth $1,273,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HWM shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $335.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. JPMorgan Chase & Co. upped 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. Wells Fargo & Company lowered 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. Susquehanna increased their price objective on shares of Howmet Aerospace from $330.00 to $340.00 and gave the stock a "positive" rating in a report on Friday, August 7th. Finally, BTIG Research lifted their price objective on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a "buy" rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $310.29.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock opened at $185.74 on Friday. Howmet Aerospace Inc. has a 52 week low of $183.52 and a 52 week high of $310.00. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The stock has a market cap of $74.32 billion, a PE ratio of 42.48, a price-to-earnings-growth ratio of 1.73 and a beta of 1.21. The company's 50-day moving average price is $237.27 and its two-hundred day moving average price is $255.88.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted 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. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the firm posted $0.91 EPS. The business's revenue for the quarter 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 anticipate that Howmet Aerospace Inc. will post 5.34 EPS 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. Shareholders of record on Friday, November 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.3%. The ex-dividend date is Friday, November 6th. Howmet Aerospace's payout ratio is presently 12.07%.

Howmet Aerospace Profile

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.

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.