Jupiter Topco LLC Invests $2.07 Billion in Howmet Aerospace Inc. $HWM

Key Points

• Jupiter Topco LLC acquired 7.68 million Howmet Aerospace shares worth approximately $2.07 billion, giving it a 1.92% stake and making HWM its 18th-largest holding. Institutional investors collectively own 90.46% of the company.
• Howmet reported strong quarterly results, with EPS of $1.33 versus the $1.24 consensus and revenue of $2.55 billion, up 24.1% year over year. The company also raised its quarterly dividend from $0.12 to $0.14 per share.
• Analysts remain bullish: Howmet has a consensus “Moderate Buy” rating and a target price of $316.22, compared with shares recently trading at $264.17.

Jupiter Topco LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 7,680,827 shares of the company's stock, valued at approximately $2,065,086,000. Howmet Aerospace makes up approximately 0.8% of Jupiter Topco LLC's portfolio, making the stock its 18th largest holding. Jupiter Topco LLC owned 1.92% of Howmet Aerospace at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. acquired a new position in Howmet Aerospace during the second quarter valued at approximately $12,318,939,000. State Street Corp grew its stake in Howmet Aerospace by 2.2% in the fourth quarter. State Street Corp now owns 18,365,429 shares of the company's stock valued at $3,765,280,000 after purchasing an additional 400,767 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Howmet Aerospace by 27.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company's stock worth $3,409,936,000 after purchasing an additional 3,531,700 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Howmet Aerospace by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company's stock worth $2,316,277,000 after purchasing an additional 221,775 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Howmet Aerospace by 1.7% during the 1st quarter. Bank of America Corp DE now owns 10,728,447 shares of the company's stock worth $2,472,478,000 after purchasing an additional 177,533 shares in the last quarter. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Trading Up 0.3%

Shares of Howmet Aerospace stock opened at $264.17 on Wednesday. The business has a fifty day simple moving average of $278.18 and a two-hundred day simple moving average of $259.72. Howmet Aerospace Inc. has a 1 year low of $170.81 and a 1 year high of $310.00. The company has a market capitalization of $105.70 billion, a price-to-earnings ratio of 56.93, a P/E/G ratio of 1.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released 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 analysts' expectations of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company's revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the previous year, the business 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. Research analysts forecast that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were paid a $0.14 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. The ex-dividend date was Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. Howmet Aerospace's dividend payout ratio (DPR) is currently 12.07%.

Analyst Ratings Changes

HWM has been the subject of several recent analyst reports. Wells Fargo & Company reissued an "outperform" rating and issued a $315.00 price objective on shares of Howmet Aerospace in a 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. BNP Paribas Exane reaffirmed an "outperform" rating and set a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Citigroup reiterated a "buy" rating on shares of Howmet Aerospace in a research note on Wednesday, August 12th. Finally, Susquehanna lifted their price objective on shares of Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of "Moderate Buy" and a consensus target price of $316.22.

Howmet Aerospace Company 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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