Nissay Asset Management Corp Japan Purchases 3,869 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Nissay Asset Management Japan increased its Howmet Aerospace stake by 7.6% in the second quarter, acquiring 3,869 shares and bringing its holdings to 54,737 shares valued at approximately $14.7 million. Institutional investors own 90.46% of HWM.
• Analyst sentiment remains positive, with one Strong Buy, 17 Buy and two Hold ratings. Howmet has an average “Moderate Buy” rating and a consensus price target of $316.22.
• Howmet exceeded quarterly expectations with $1.33 in EPS and $2.55 billion in revenue, up 24.1% year over year. The company also raised its quarterly dividend from $0.12 to $0.14 per share.

Nissay Asset Management Corp Japan increased its position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 7.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,737 shares of the company's stock after acquiring an additional 3,869 shares during the period. Nissay Asset Management Corp Japan's holdings in Howmet Aerospace were worth $14,717,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in HWM. Newbridge Financial Services Group Inc. increased its stake in shares of Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC bought a new stake in shares of Howmet Aerospace during the 4th quarter worth $25,000. West Paces Advisors Inc. bought a new stake in shares of Howmet Aerospace during the 2nd quarter worth $27,000. Cornerstone Financial Management LLC acquired a new stake in Howmet Aerospace in the fourth quarter valued at about $28,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in Howmet Aerospace by 65.1% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company's stock valued at $28,000 after acquiring an additional 54 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

HWM has been the subject of a number of research reports. Citigroup reissued a "buy" rating on shares of Howmet Aerospace in a report on Wednesday, August 12th. 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 report on Friday, May 8th. UBS Group upped their price objective 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. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. Finally, Zacks Research upgraded shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $316.22.

Howmet Aerospace Stock Down 1.2%

Shares of NYSE HWM opened at $264.48 on Friday. The company has a 50 day simple moving average of $277.41 and a 200 day simple moving average of $260.48. The firm has a market cap of $105.82 billion, a PE ratio of 57.00, a price-to-earnings-growth ratio of 1.89 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. 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 posted its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The firm had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company's revenue for the quarter was up 24.1% compared to the same quarter last year. 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. On average, research analysts forecast that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were issued a $0.14 dividend. The ex-dividend date was Friday, August 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. 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%.

About Howmet Aerospace

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.

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.