Oppenheimer Asset Management Inc. Buys Shares of 78,828 Howmet Aerospace Inc. $HWM

Key Points

• Oppenheimer Asset Management initiated a position of 78,828 Howmet Aerospace shares worth approximately $21.2 million. Institutional investors and hedge funds collectively own 90.46% of the company.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $315.67; recent targets range as high as $370.
• Howmet exceeded quarterly expectations with $1.33 in EPS and $2.55 billion in revenue, while revenue rose 24.1% year over year. The company also increased its quarterly dividend from $0.12 to $0.14 per share.

Oppenheimer Asset Management Inc. bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 78,828 shares of the company's stock, valued at approximately $21,194,000.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Howmet Aerospace by 2.2% during the 4th quarter. State Street Corp now owns 18,365,429 shares of the company's stock valued at $3,765,280,000 after purchasing an additional 400,767 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Howmet Aerospace by 27.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company's stock valued at $3,409,936,000 after purchasing an additional 3,531,700 shares during the last quarter. Geode Capital Management LLC lifted its stake in Howmet Aerospace by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company's stock valued at $2,316,277,000 after purchasing an additional 221,775 shares during the last quarter. Bank of America Corp DE boosted its position in Howmet Aerospace by 1.7% in the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company's stock valued at $2,472,478,000 after buying an additional 177,533 shares in the last quarter. Finally, Norges Bank acquired a new stake in Howmet Aerospace in the fourth quarter valued at approximately $1,793,698,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein reiterated an "outperform" rating and set a $318.00 price target on shares of Howmet Aerospace in a report on Tuesday, June 16th. BNP Paribas Exane reissued an "outperform" rating and set a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a report on Friday, May 8th. Wells Fargo & Company reissued an "outperform" rating and set a $315.00 price objective on shares of Howmet Aerospace in a report on Monday. Jefferies Financial Group restated a "buy" rating and set a $370.00 price objective on shares of Howmet Aerospace in a research report on Sunday, August 9th. Finally, Royal Bank Of Canada upped their target price on Howmet Aerospace from $325.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. One investment analyst has 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.com, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average price target of $315.67.

Howmet Aerospace Trading Up 2.3%

HWM opened at $289.33 on Friday. Howmet Aerospace Inc. has a fifty-two week low of $169.45 and a fifty-two week 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. The firm has a market capitalization of $115.76 billion, a price-to-earnings ratio of 62.36, a PEG ratio of 2.02 and a beta of 1.20. The company's 50 day moving average price is $276.03 and its two-hundred day moving average price is $256.16.

Howmet Aerospace (NYSE:HWM - Get Free Report) last announced 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. The firm had revenue of $2.55 billion during the quarter, compared to analysts' expectations of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company's revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.91 EPS. 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, research analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a $0.14 dividend. The ex-dividend date is 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.

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