Hsbc Holdings PLC purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 855,887 shares of the company's stock, valued at approximately $229,496,000. Hsbc Holdings PLC owned about 0.21% of Howmet Aerospace as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc boosted its position 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 valued at $13,487,000 after purchasing an additional 58,067 shares during the period. M&T Bank Corp boosted its stake in Howmet Aerospace by 75.0% in the 4th quarter. M&T Bank Corp now owns 42,975 shares of the company's stock worth $8,810,000 after purchasing an additional 18,417 shares during the period. Sequoia Financial Advisors LLC grew its position in Howmet Aerospace by 57.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company's stock worth $2,909,000 after purchasing an additional 5,181 shares in the last quarter. Bearing Point Capital LLC boosted its holdings in shares of Howmet Aerospace by 9.5% during the fourth quarter. Bearing Point Capital LLC now owns 54,619 shares of the company's stock worth $11,198,000 after purchasing an additional 4,757 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Howmet Aerospace by 95.3% during 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 in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on HWM. JPMorgan Chase & Co. boosted their target price on Howmet Aerospace from $310.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Citigroup reiterated a "buy" rating on shares of Howmet Aerospace in a report on Wednesday, August 12th. BTIG Research boosted their target price on shares of Howmet Aerospace from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Jefferies Financial Group restated a "buy" rating and set a $370.00 target price on shares of Howmet Aerospace in a report on Sunday, August 9th. Finally, UBS Group boosted their price target on Howmet Aerospace from $299.00 to $326.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $316.22.
Read Our Latest Report on HWM
Howmet Aerospace Stock Performance
HWM opened at $264.17 on Wednesday. The stock's 50 day simple moving average is $278.18 and its 200-day simple moving average is $259.72. 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 $105.70 billion, a PE ratio of 56.93, a P/E/G ratio of 1.88 and a beta of 1.20. Howmet Aerospace Inc. has a 1 year low of $170.81 and a 1 year high of $310.00.
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 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 for the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the business earned $0.91 earnings per share. The company'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. Sell-side analysts forecast that Howmet Aerospace Inc. will post 5.33 EPS for the current 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 issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.56 annualized dividend and a yield of 0.2%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.07%.
About Howmet Aerospace
(
Free Report)
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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