PDT Partners LLC Takes $9.30 Million Position in Howmet Aerospace Inc. $HWM

Key Points

• PDT Partners acquired a new $9.30 million stake in Howmet Aerospace during the second quarter, purchasing 34,579 shares. Institutional investors collectively own 90.46% of the company.
• Howmet reported stronger-than-expected quarterly results, with $1.33 EPS and $2.55 billion in revenue, up 24.1% year over year. The company issued fiscal 2026 EPS guidance of $5.23–$5.31.
• The company raised its quarterly dividend from $0.12 to $0.14 per share. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $316.22.

PDT Partners LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 34,579 shares of the company's stock, valued at approximately $9,297,000.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Howmet Aerospace by 5.4% in the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock valued at $279,000 after acquiring an additional 130 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Howmet Aerospace during the 1st quarter worth $399,000. Sivia Capital Partners LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth $216,000. Brown Advisory Inc. grew its stake in shares of Howmet Aerospace by 31.0% during the 2nd quarter. Brown Advisory Inc. now owns 4,180 shares of the company's stock worth $778,000 after purchasing an additional 990 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $145,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Price Performance

Howmet Aerospace stock opened at $264.17 on Wednesday. The firm has a market capitalization of $105.70 billion, a PE ratio of 56.93, a P/E/G ratio of 1.88 and a beta of 1.20. Howmet Aerospace Inc. has a 52 week low of $170.81 and a 52 week high of $310.00. The firm's 50-day simple moving average is $278.18 and its 200 day simple moving average is $259.72. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share 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 the consensus estimate of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The firm's revenue for the quarter was up 24.1% on a year-over-year basis. During the same period last year, the firm 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. On average, equities research analysts predict 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 was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were paid a dividend of $0.14 per share. This is a positive change from Howmet Aerospace's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.2%. Howmet Aerospace's dividend payout ratio is 12.07%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group reiterated a "buy" rating and issued a $370.00 price objective on shares of Howmet Aerospace in a research note on Sunday, August 9th. Wall Street Zen cut shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a report on Sunday, July 5th. BTIG Research lifted their price target on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a "buy" rating in a research report on Monday, August 10th. UBS Group boosted their price target on Howmet Aerospace from $299.00 to $326.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Finally, Susquehanna upped their price target on Howmet Aerospace from $330.00 to $340.00 and gave the stock a "positive" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $316.22.

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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