Pallas Capital Advisors LLC Makes New Investment in Howmet Aerospace Inc. $HWM

Key Points

• Pallas Capital Advisors purchased 13,256 shares of Howmet Aerospace in the second quarter, valued at approximately $3.56 million. Institutional investors collectively own 90.46% of the company.
• Howmet reported quarterly earnings of $1.33 per share and revenue of $2.55 billion, beating analyst expectations, while revenue rose 24.1% year over year. The company issued third-quarter and full-year 2026 EPS guidance.
• Howmet increased its quarterly dividend from $0.12 to $0.14 per share, and analysts maintain a consensus “Moderate Buy” rating with an average price target of $315.67.

Pallas Capital Advisors LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,256 shares of the company's stock, valued at approximately $3,564,000.

A number of other hedge funds have also recently made changes to their positions in HWM. Bartlett & CO. Wealth Management LLC raised its position in shares of Howmet Aerospace by 55.1% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company's stock worth $29,000 after buying an additional 38 shares in the last quarter. UMB Bank n.a. boosted its stake in Howmet Aerospace by 2.6% during the fourth quarter. UMB Bank n.a. now owns 1,620 shares of the company's stock valued at $332,000 after buying an additional 41 shares during the period. Tudor Financial Inc. grew its position in Howmet Aerospace by 2.6% during the fourth quarter. Tudor Financial Inc. now owns 1,650 shares of the company's stock worth $338,000 after buying an additional 42 shares in the last quarter. Physician Wealth Advisors Inc. grew its position in Howmet Aerospace by 2.5% during the first quarter. Physician Wealth Advisors Inc. now owns 1,730 shares of the company's stock worth $399,000 after buying an additional 42 shares in the last quarter. Finally, Roman Butler Fullerton & Co. increased its stake in Howmet Aerospace by 0.4% in the 1st quarter. Roman Butler Fullerton & Co. now owns 10,537 shares of the company's stock worth $2,634,000 after acquiring an additional 42 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Trading Up 0.1%

Shares of HWM stock opened at $289.37 on Tuesday. 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 has a 50-day moving average price of $276.89 and a two-hundred day moving average price of $256.96. Howmet Aerospace Inc. has a 12-month low of $169.45 and a 12-month high of $310.00. The firm has a market cap of $115.78 billion, a P/E ratio of 62.36, a price-to-earnings-growth ratio of 2.07 and a beta of 1.20.

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, topping analysts' consensus estimates of $1.24 by $0.09. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.Howmet Aerospace's quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous 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. Equities analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, August 7th. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. Howmet Aerospace's dividend payout ratio (DPR) is presently 12.07%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Susquehanna raised their price target on Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a report on Friday, August 7th. UBS Group boosted their price objective on Howmet Aerospace from $299.00 to $326.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $320.00 target price on shares of Howmet Aerospace in a research note on Friday, May 8th. Wells Fargo & Company reiterated an "outperform" rating and set a $315.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. Finally, Jefferies Financial Group reissued a "buy" rating and issued a $370.00 price target on shares of Howmet Aerospace in a research note on Sunday, August 9th. One investment 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. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $315.67.

Howmet Aerospace 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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