Mirae Asset Global Investments Co. Ltd. Acquires 154,927 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Mirae Asset Global Investments acquired 154,927 Howmet Aerospace shares in the third quarter, valued at approximately $35 million. Institutional investors collectively own 90.46% of HWM.
• Howmet reported strong third-quarter results, with revenue up 29.4% year over year to $2.70 billion and adjusted EPS of $1.46, beating expectations. Management also raised its outlook and cited robust aerospace and industrial gas-turbine demand.
• The company increased shareholder returns by repurchasing $500 million of stock, raising its quarterly dividend 17% to $0.14 per share, and authorizing an additional $5 billion in buybacks. Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $304.33.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 154,927 shares of the company's stock, valued at approximately $35,041,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HWM. BlackRock Inc. purchased a new position in Howmet Aerospace during the 2nd quarter valued at approximately $12,318,939,000. State Street Corp raised its holdings in shares of Howmet Aerospace by 3.3% during the 2nd quarter. State Street Corp now owns 18,933,928 shares of the company's stock worth $5,090,576,000 after acquiring an additional 612,866 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $2,766,806,000. Jupiter Topco LLC purchased a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $2,065,086,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Howmet Aerospace during the 2nd quarter valued at approximately $1,099,765,000. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace News Roundup

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

• Positive Sentiment: Q3 results exceeded expectations: Revenue rose 29% year over year to $2.70 billion, while adjusted EPS increased 54% to $1.46, topping the $1.37 consensus estimate. Operating and EBITDA margins also expanded significantly. Howmet Aerospace Reports Third Quarter 2026 Results
• Positive Sentiment: Growth outlook was raised: Management increased its full-year 2026 guidance and projected approximately $11.5 billion of 2027 revenue, representing roughly 12% year-over-year growth. Industrial gas-turbine revenue climbed 45% in Q3, while commercial aerospace revenue increased 32%, reflecting strong demand and market-share gains. HWM Q3 Earnings Beat Estimates
• Positive Sentiment: Capital returns increased: Howmet repurchased $500 million of stock during the quarter, raised its quarterly dividend 17% to $0.14 per share, and authorized an additional $5 billion for share repurchases. Howmet Aerospace Reports Third Quarter 2026 Results
• Neutral Sentiment: Analysts remain bullish but less aggressive: BNP Paribas Exane cut its price target to $250 from $310 while retaining an “outperform” rating; Susquehanna lowered its target to $275 from $340 but kept a “positive” rating. The revisions still imply substantial upside, but signal more cautious assumptions.
• Negative Sentiment: Valuation and expectations remain risks: With HWM trading at a high earnings multiple and below its longer-term moving averages, investors may be taking profits or demanding stronger forward guidance after the earnings beat. The sizable target cuts likely contributed to the near-term pressure.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HWM shares. UBS Group boosted their price target on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $298.00 price target (down from $328.00) on shares of Howmet Aerospace in a research note on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Howmet Aerospace from $338.00 to $343.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Jefferies Financial Group reissued a "buy" rating and issued a $370.00 price objective (up from $340.00) on shares of Howmet Aerospace in a research note on Sunday, August 9th. Finally, Weiss Ratings upgraded shares of Howmet Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $304.33.

Howmet Aerospace Price Performance

NYSE:HWM opened at $199.43 on Monday. The firm has a market capitalization of $79.31 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 1.75 and a beta of 1.31. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.86 and a quick ratio of 0.90. The business has a 50 day simple moving average of $229.00 and a 200-day simple moving average of $248.49. Howmet Aerospace Inc. has a 1 year low of $183.52 and a 1 year high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.09. Howmet Aerospace had a return on equity of 36.44% and a net margin of 21.10%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The company's revenue for the quarter was up 29.4% compared to the same quarter last year. Equities analysts forecast that Howmet Aerospace Inc. will post 5.45 EPS for the current year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 6th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, November 6th. This represents a $0.56 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace's payout ratio is 10.96%.

Howmet Aerospace Company 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.

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