QRG Capital Management Inc. Has $23.09 Million Stake in Howmet Aerospace Inc. $HWM

Key Points

• QRG Capital Management increased its Howmet Aerospace stake by 43.2% in the second quarter, ending with 85,876 shares valued at approximately $23.09 million. Institutional investors collectively own 90.46% of HWM.
• Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $318.00; recent targets range as high as $350.
• Howmet reported quarterly EPS of $1.33 and revenue of $2.55 billion, beating estimates and marking 24.1% year-over-year revenue growth. The company also raised its quarterly dividend from $0.12 to $0.14 per share.

QRG Capital Management Inc. lifted its holdings in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 43.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,876 shares of the company's stock after acquiring an additional 25,920 shares during the quarter. QRG Capital Management Inc.'s holdings in Howmet Aerospace were worth $23,089,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HWM. MUFG Securities EMEA plc increased its position in Howmet Aerospace by 752.6% in the 4th quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company's stock valued at $13,487,000 after acquiring an additional 58,067 shares in the last quarter. Bearing Point Capital LLC raised its position in Howmet Aerospace by 9.5% in the 4th quarter. Bearing Point Capital LLC now owns 54,619 shares of the company's stock worth $11,198,000 after purchasing an additional 4,757 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Howmet Aerospace by 95.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company's stock worth $5,609,000 after buying an additional 11,878 shares in the last quarter. Man Group plc acquired a new position in Howmet Aerospace during the 2nd quarter worth $104,566,000. Finally, Pictet Asset Management Holding SA boosted its position in Howmet Aerospace by 28.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 230,064 shares of the company's stock valued at $52,984,000 after buying an additional 51,169 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HWM has been the subject of several research reports. Weiss Ratings raised Howmet Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Guggenheim initiated coverage on Howmet Aerospace in a research report on Monday, September 14th. They issued a "buy" rating and a $350.00 price objective for the company. Citigroup reissued a "buy" rating on shares of Howmet Aerospace in a report on Tuesday, September 1st. Royal Bank Of Canada raised their target price on shares of Howmet Aerospace from $325.00 to $350.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. Finally, Susquehanna lifted their price target on shares of Howmet Aerospace from $330.00 to $340.00 and gave the stock a "positive" rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $318.00.

Howmet Aerospace Trading Up 1.5%

NYSE HWM opened at $228.82 on Thursday. The stock has a 50-day simple moving average of $264.52 and a 200 day simple moving average of $258.77. The company has a market capitalization of $91.55 billion, a PE ratio of 49.32, a P/E/G ratio of 2.03 and a beta of 1.19. 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 12 month low of $183.83 and a 12 month high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The firm had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The company's revenue was up 24.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. 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. Research analysts forecast that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 7th. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace's payout ratio is currently 12.07%.

Howmet Aerospace Company Profile

Howmet Aerospace Inc NYSE: HWM is an aerospace and industrial manufacturer that develops and produces engineered components for commercial and defense aircraft, as well as products for transportation, energy and other industrial markets. Its offerings include aircraft engine components, airframe structures, fastening systems and forged aluminum wheels for commercial transportation.

The company's aerospace products include turbine airfoils, engine casings, structural components and other specialized parts designed to support aircraft performance and efficiency.

Want to see what other hedge funds are holding HWM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Howmet Aerospace Inc. (NYSE:HWM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.