Oak Ridge Investments LLC Acquires 31,395 Shares of Howmet Aerospace Inc. $HWM

Key Points

• Oak Ridge Investments increased its Howmet Aerospace stake by 66.8% in the second quarter, purchasing 31,395 additional shares to hold 78,375 shares valued at approximately $21.1 million.
• Howmet reported strong quarterly results, with EPS of $1.33 and revenue of $2.55 billion, up 24.1% year over year and above analyst expectations. The company also raised its quarterly dividend from $0.12 to $0.14 per share.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $315.67; shares recently traded at $289.33, near their 52-week high of $310.

Oak Ridge Investments LLC boosted its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 66.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,375 shares of the company's stock after buying an additional 31,395 shares during the quarter. Howmet Aerospace makes up approximately 1.2% of Oak Ridge Investments LLC's investment portfolio, making the stock its 19th largest position. Oak Ridge Investments LLC's holdings in Howmet Aerospace were worth $21,072,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of 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 buying an additional 400,767 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake 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 acquiring an additional 3,531,700 shares during the period. Geode Capital Management LLC increased its holdings 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 acquiring an additional 221,775 shares during the last quarter. Bank of America Corp DE increased its holdings 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 acquiring an additional 177,533 shares during the last quarter. Finally, Norges Bank bought a new stake in Howmet Aerospace in the 4th quarter valued at $1,793,698,000. Institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Shares of NYSE HWM opened at $289.33 on Friday. The firm has a market cap of $115.76 billion, a P/E ratio of 62.36, a price-to-earnings-growth ratio of 2.02 and a beta of 1.20. The business's 50 day moving average is $276.03 and its 200-day moving average is $256.16. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. Howmet Aerospace Inc. has a 1-year low of $169.45 and a 1-year 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the company posted $0.91 EPS. The firm'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. Equities research analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be 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 of this dividend is Friday, August 7th. Howmet Aerospace's payout ratio is 12.07%.

Analyst Ratings Changes

Several brokerages have issued reports on HWM. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $320.00 price target on shares of Howmet Aerospace in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Zacks Research raised shares of Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Jefferies Financial Group restated a "buy" rating and set a $370.00 target price on shares of Howmet Aerospace in a research note on Sunday, August 9th. Finally, Wall Street Zen downgraded shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 5th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $315.67.

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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