NewEdge Advisors LLC Increases Position in Howmet Aerospace Inc. $HWM

Key Points

• NewEdge Advisors increased its Howmet Aerospace position by 9.2% in the second quarter, bringing its holdings to 70,463 shares valued at approximately $18.9 million. Institutional investors collectively own 90.46% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $316.22. Several firms recently raised their targets, including JPMorgan, which lifted its target to $350.
• Howmet exceeded quarterly expectations with $1.33 in EPS and $2.55 billion in revenue, while revenue grew 24.1% year over year. The company also raised its quarterly dividend from $0.12 to $0.14 per share.

NewEdge Advisors LLC grew its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 9.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,463 shares of the company's stock after purchasing an additional 5,956 shares during the period. NewEdge Advisors LLC's holdings in Howmet Aerospace were worth $18,945,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. MUFG Securities EMEA plc increased its holdings in Howmet Aerospace by 752.6% during the 4th quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company's stock worth $13,487,000 after purchasing an additional 58,067 shares during the period. Bearing Point Capital LLC boosted its stake in shares of 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 buying an additional 4,757 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Howmet Aerospace by 95.3% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company's stock valued at $5,609,000 after buying an additional 11,878 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Howmet Aerospace by 28.6% during the first quarter. Pictet Asset Management Holding SA now owns 230,064 shares of the company's stock worth $52,984,000 after buying an additional 51,169 shares in the last quarter. Finally, Allworth Financial LP grew its position in shares of Howmet Aerospace by 123.7% during the fourth quarter. Allworth Financial LP now owns 21,182 shares of the company's stock worth $4,343,000 after buying an additional 11,711 shares in the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HWM. Citigroup reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Tuesday, September 1st. TD Cowen boosted their price target on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, July 13th. Susquehanna increased 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. Zacks Research raised shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $316.22.

Howmet Aerospace Stock Down 1.9%

Shares of NYSE HWM opened at $228.20 on Friday. The business has a 50-day moving average price of $272.94 and a 200 day moving average price of $260.80. The stock has a market cap of $91.30 billion, a PE ratio of 49.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. Howmet Aerospace Inc. has a 52-week low of $181.36 and a 52-week high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly 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. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The firm's revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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. Equities research analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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

Howmet Aerospace Company Profile

Howmet Aerospace Inc NYSE: HWM is an aerospace and industrial manufacturer that develops and produces engineered components for commercial and defense aircraft, as well as products for transportation, energy and other industrial markets. Its offerings include aircraft engine components, airframe structures, fastening systems and forged aluminum wheels for commercial transportation.

The company's aerospace products include turbine airfoils, engine casings, structural components and other specialized parts designed to support aircraft performance and efficiency.

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