The Manufacturers Life Insurance Company Reduces Holdings in Howmet Aerospace Inc. $HWM

Key Points

• The Manufacturers Life Insurance Company cut its Howmet Aerospace stake by 3.4% in the second quarter, selling 7,414 shares and retaining 207,563 shares valued at approximately $55.8 million.
• Howmet reported strong quarterly results, with adjusted earnings of $1.33 per share and revenue of $2.55 billion, surpassing analyst expectations; revenue increased 24.1% year over year.
• Analysts remain broadly positive, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $316.22. Howmet also raised its quarterly dividend from $0.12 to $0.14 per share.

The Manufacturers Life Insurance Company reduced its position in Howmet Aerospace Inc. (NYSE:HWM - Free Report) by 3.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 207,563 shares of the company's stock after selling 7,414 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.05% of Howmet Aerospace worth $55,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. California State Teachers Retirement System raised its position in shares of Howmet Aerospace by 28,132.2% in the second quarter. California State Teachers Retirement System now owns 163,590,287 shares of the company's stock valued at $43,982,885,000 after buying an additional 163,010,842 shares during the last quarter. BlackRock Inc. acquired a new position in Howmet Aerospace during the second quarter worth about $12,318,939,000. State Street Corp boosted its position in Howmet Aerospace by 2.2% during the fourth quarter. State Street Corp now owns 18,365,429 shares of the company's stock worth $3,765,280,000 after acquiring an additional 400,767 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Howmet Aerospace by 27.0% during 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 acquiring an additional 3,531,700 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Howmet Aerospace by 2.0% during 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 acquiring an additional 221,775 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Howmet Aerospace Stock Up 0.5%

Shares of NYSE HWM opened at $229.16 on Friday. The company has a 50 day simple moving average of $272.11 and a 200-day simple moving average of $260.58. The company has a market capitalization of $91.69 billion, a P/E ratio of 49.39, a P/E/G ratio of 2.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. Howmet Aerospace Inc. has a 1 year low of $182.78 and a 1 year high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating 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 firm's quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm posted $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. On average, equities research analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were paid a $0.14 dividend. This is a boost 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 annualized dividend and a dividend yield of 0.2%. Howmet Aerospace's dividend payout ratio is currently 12.07%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Howmet Aerospace from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 19th. Wells Fargo & Company restated an "outperform" rating and issued a $315.00 price target on shares of Howmet Aerospace in a research report on Monday, August 10th. Royal Bank Of Canada increased their price target on Howmet Aerospace from $325.00 to $350.00 and gave the company an "outperform" 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 research note on Friday, August 7th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $335.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $316.22.

About Howmet Aerospace

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.

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