Nykredit A S Invests $44.69 Million in Howmet Aerospace Inc. $HWM

Key Points

• Nykredit A/S purchased 166,237 shares of Howmet Aerospace in the second quarter, valued at approximately $44.69 million. Institutional investors and hedge funds collectively own 90.46% of the company.
• Howmet reported stronger-than-expected 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 to $0.14 per share.
• Analysts maintain a generally positive outlook, with the stock carrying an average “Buy” rating and a consensus price target of $318, compared with a recent market price of $229.85.

Nykredit A S purchased a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 166,237 shares of the company's stock, valued at approximately $44,694,000.

Other institutional investors also recently bought and sold shares of the company. Range Advisory LLC acquired a new position in Howmet Aerospace during the second quarter worth $286,000. Cornerstone Financial Management LLC lifted its stake in shares of Howmet Aerospace by 34.2% in the 2nd quarter. Cornerstone Financial Management LLC now owns 200 shares of the company's stock valued at $54,000 after purchasing an additional 51 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Howmet Aerospace by 14.9% in the 2nd quarter. HighTower Advisors LLC now owns 68,260 shares of the company's stock valued at $18,352,000 after acquiring an additional 8,829 shares during the period. Groupe la Francaise raised its holdings in shares of Howmet Aerospace by 18.0% during the 2nd quarter. Groupe la Francaise now owns 176,575 shares of the company's stock valued at $47,488,000 after buying an additional 26,905 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $54,525,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Price Performance

NYSE:HWM opened at $229.85 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The business's 50-day moving average price is $267.43 and its 200 day moving average price is $259.44. Howmet Aerospace Inc. has a 52-week low of $183.83 and a 52-week high of $310.00. The firm has a market cap of $91.97 billion, a P/E ratio of 49.54, a PEG ratio of 2.03 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.43 billion. During the same period in the previous year, the firm posted $0.91 EPS. 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. As a group, sell-side analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Wall Street Analysts Forecast Growth

HWM has been the topic of a number of recent analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $370.00 price objective on shares of Howmet Aerospace in a report on Sunday, August 9th. Sanford C. Bernstein upped their target price on Howmet Aerospace from $318.00 to $328.00 and gave the company an "outperform" rating in a report on Monday, August 24th. Wall Street Zen lowered shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 5th. Guggenheim assumed coverage on Howmet Aerospace in a report on Monday. They set a "buy" rating and a $350.00 price target on the stock. Finally, UBS Group lifted their target price on Howmet Aerospace from $299.00 to $326.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Two investment analysts have 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, the company has an average rating of "Buy" and an average target price of $318.00.

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.

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.