Hsbc Holdings PLC Boosts Stake in Howmet Aerospace Inc. $HWM

Key Points

• Hsbc Holdings PLC increased its Howmet Aerospace stake by 24.8% in the second quarter, purchasing 170,052 additional shares. It now owns 855,887 shares valued at approximately $229.5 million, while institutional investors collectively hold 90.46% of the stock.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $316.22. Recent targets range from $320 to $370.
• Howmet reported stronger-than-expected quarterly results, including $1.33 in EPS and $2.55 billion in revenue, with revenue rising 24.1% year over year. The company also raised its quarterly dividend to $0.14 from $0.12.

Hsbc Holdings PLC grew its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 24.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 855,887 shares of the company's stock after purchasing an additional 170,052 shares during the period. Hsbc Holdings PLC owned approximately 0.21% of Howmet Aerospace worth $229,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. MUFG Securities EMEA plc lifted its holdings in shares of Howmet Aerospace by 752.6% in the 4th quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company's stock worth $13,487,000 after acquiring an additional 58,067 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Howmet Aerospace by 57.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company's stock valued at $2,909,000 after purchasing an additional 5,181 shares during the last quarter. Bearing Point Capital LLC increased its holdings in Howmet Aerospace by 9.5% in the 4th quarter. Bearing Point Capital LLC now owns 54,619 shares of the company's stock valued at $11,198,000 after purchasing an additional 4,757 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Howmet Aerospace by 95.3% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company's stock valued at $5,609,000 after purchasing an additional 11,878 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in Howmet Aerospace by 28.6% in the first quarter. Pictet Asset Management Holding SA now owns 230,064 shares of the company's stock valued at $52,984,000 after purchasing an additional 51,169 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings upgraded Howmet Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Sanford C. Bernstein boosted their price objective on Howmet Aerospace from $318.00 to $328.00 and gave the company an "outperform" rating in a report on Monday, August 24th. Jefferies Financial Group reissued a "buy" rating and set a $370.00 target price on shares of Howmet Aerospace in a research note on Sunday, August 9th. TD Cowen raised their target price on Howmet Aerospace from $300.00 to $320.00 and gave the company a "buy" rating in a report on Monday, July 13th. Finally, Royal Bank Of Canada lifted their target price on Howmet Aerospace from $325.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $316.22.

Howmet Aerospace Stock Up 0.1%

Shares of NYSE HWM opened at $259.61 on Monday. The stock has a market cap of $103.87 billion, a P/E ratio of 55.95, a PEG ratio of 2.34 and a beta of 1.19. The business's fifty day simple moving average is $275.44 and its 200-day simple moving average is $261.23. Howmet Aerospace Inc. has a 12-month low of $173.38 and a 12-month 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.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.24 by $0.09. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.43 billion. During the same period in the previous year, the firm posted $0.91 EPS. Howmet Aerospace'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, equities analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.12. Howmet Aerospace's payout ratio is currently 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.

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