Wealthfront Advisers LLC Invests $24.62 Million in Howmet Aerospace Inc. $HWM

Key Points

• Wealthfront Advisers acquired 91,564 shares of Howmet Aerospace in the second quarter, valued at approximately $24.62 million. Institutional investors and hedge funds collectively own 90.46% of the company.
• Howmet reported strong quarterly results, with EPS of $1.33 and revenue of $2.55 billion, beating estimates and increasing revenue 24.1% year over year. The company issued Q3 and full-year 2026 earnings guidance.
• Howmet raised its quarterly dividend from $0.12 to $0.14 per share. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $315.67.

Wealthfront Advisers LLC acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 91,564 shares of the company's stock, valued at approximately $24,618,000.

Other hedge funds have also recently bought and sold shares of the company. Newbridge Financial Services Group Inc. grew its position in Howmet Aerospace by 119.7% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock valued at $25,000 after acquiring an additional 73 shares in the last quarter. Acumen Wealth Advisors LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth about $25,000. West Paces Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the second quarter worth about $27,000. Cornerstone Financial Management LLC purchased a new position in shares of Howmet Aerospace in the fourth quarter valued at approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in shares of Howmet Aerospace by 65.1% in the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company's stock valued at $28,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 90.46% of the company's stock.

Howmet Aerospace Stock Up 1.3%

HWM stock opened at $292.76 on Wednesday. The company's 50 day moving average price is $277.61 and its 200 day moving average price is $257.54. The firm has a market capitalization of $117.14 billion, a price-to-earnings ratio of 63.10, a PEG ratio of 2.07 and a beta of 1.20. Howmet Aerospace Inc. has a fifty-two week low of $169.45 and a fifty-two week high of $310.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82.

Howmet Aerospace (NYSE:HWM - Get Free Report) last issued its quarterly 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. 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 previous year, the firm earned $0.91 earnings per share. The firm'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, equities research analysts anticipate that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $318.00 target price on shares of Howmet Aerospace in a research note on Tuesday, June 16th. Wall Street Zen cut shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 5th. TD Cowen boosted their price target on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a "buy" rating in a research note on Monday, July 13th. BNP Paribas Exane reaffirmed an "outperform" rating and set a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. Finally, Royal Bank Of Canada increased their price objective on Howmet Aerospace from $325.00 to $350.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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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