Varma Mutual Pension Insurance Co Takes Position in Howmet Aerospace Inc. $HWM

Key Points

• Varma Mutual Pension Insurance Co. purchased 67,654 shares of Howmet Aerospace valued at approximately $18.2 million. Institutional investors and hedge funds collectively own 90.46% of the company.
• Wall Street remains broadly bullish, with one Strong Buy, 17 Buy, and two Hold ratings; the stock has an average “Moderate Buy” rating and a consensus price target of $315.67.
• Howmet exceeded quarterly expectations with $1.33 in EPS and $2.55 billion in revenue, while revenue increased 24.1% year over year. The company also raised its quarterly dividend from $0.12 to $0.14 per share.

Varma Mutual Pension Insurance Co bought a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 67,654 shares of the company's stock, valued at approximately $18,189,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position 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 last quarter. Acadian Asset Management LLC purchased a new position in shares of Howmet Aerospace during the first quarter worth about $399,000. Sivia Capital Partners LLC purchased a new position in shares of Howmet Aerospace during the second quarter worth about $216,000. Brown Advisory Inc. increased its position in shares of Howmet Aerospace by 31.0% during the second quarter. Brown Advisory Inc. now owns 4,180 shares of the company's stock worth $778,000 after purchasing an additional 990 shares in the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Howmet Aerospace during the second quarter worth about $145,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HWM. BNP Paribas Exane reissued an "outperform" rating and issued a $340.00 target price (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Zacks Research raised Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 12th. Wells Fargo & Company reaffirmed an "outperform" rating and set a $315.00 price target on shares of Howmet Aerospace in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $320.00 price objective on shares of Howmet Aerospace in a research note on Friday, May 8th. Finally, Susquehanna increased their price objective on Howmet Aerospace from $330.00 to $340.00 and gave the company a "positive" rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $315.67.

Howmet Aerospace Stock Performance

Shares of HWM opened at $271.58 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. The stock has a market capitalization of $108.66 billion, a P/E ratio of 58.53, a P/E/G ratio of 1.94 and a beta of 1.20. The company's fifty day moving average is $278.62 and its two-hundred day moving average is $258.62. Howmet Aerospace Inc. has a 1 year low of $170.24 and a 1 year high of $310.00.

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

Howmet Aerospace Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a dividend of $0.14 per share. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 7th. Howmet Aerospace's dividend payout ratio is currently 12.07%.

Howmet Aerospace Company 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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