OMERS ADMINISTRATION Corp Takes $18.36 Million Position in Howmet Aerospace Inc. $HWM

Key Points

• OMERS Administration Corp. acquired 68,302 shares of Howmet Aerospace valued at approximately $18.36 million, while institutional investors collectively own 90.46% of the company.
• Analysts remain broadly positive, with 17 Buy, one Strong Buy and two Hold ratings; the consensus rating is “Moderate Buy” with a target price of $315.67.
• Howmet beat quarterly earnings and revenue estimates, reporting $1.33 EPS and $2.55 billion in revenue, while year-over-year revenue rose 24.1%. The company also increased its quarterly dividend to $0.14 per share.

OMERS ADMINISTRATION Corp bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 68,302 shares of the company's stock, valued at approximately $18,364,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HWM. Newbridge Financial Services Group Inc. boosted its position in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock valued at $25,000 after buying an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC purchased a new stake in Howmet Aerospace in the 4th quarter valued at about $25,000. West Paces Advisors Inc. purchased a new stake in Howmet Aerospace in the 2nd quarter valued at about $27,000. Cornerstone Financial Management LLC bought a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC lifted its position in shares of Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company's stock worth $28,000 after buying an additional 54 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HWM. Sanford C. Bernstein restated an "outperform" rating and issued a $318.00 target price on shares of Howmet Aerospace in a research note on Tuesday, June 16th. Jefferies Financial Group reaffirmed a "buy" rating and set a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. Weiss Ratings upgraded Howmet Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday. BTIG Research boosted their price objective on Howmet Aerospace from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. upped their price objective on Howmet Aerospace from $310.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus target price of $315.67.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $271.58 on Monday. The firm has a market cap of $108.66 billion, a price-to-earnings ratio of 58.53, a P/E/G ratio of 1.94 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. Howmet Aerospace Inc. has a 52 week low of $170.24 and a 52 week high of $310.00. The firm's 50-day simple moving average is $278.62 and its two-hundred day simple moving average is $258.98.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, beating 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 analysts' expectations of $2.43 billion. During the same period in the previous year, the company earned $0.91 earnings per share. 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, equities analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.2%. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, August 7th. Howmet Aerospace's dividend payout ratio is currently 12.07%.

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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