Howmet Aerospace (NYSE:HWM) Hits New 1-Year High - Here's What Happened

Key Points

• Howmet Aerospace's stock reached a new 52-week high of $196.32, demonstrating significant market interest with a volume of 71,508 shares traded.
• Wall Street analysts have shown confidence in Howmet Aerospace, with multiple firms raising their price targets, including Bank of America increasing it to $215.00 and BTIG Research setting it at $205.00.
• The company recently declared an increase in its quarterly dividend from $0.10 to $0.12 per share, reflecting a commitment to returning value to shareholders.

Shares of Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $196.32 and last traded at $195.29, with a volume of 71508 shares trading hands. The stock had previously closed at $193.15.

Wall Street Analysts Forecast Growth

HWM has been the subject of a number of recent research reports. BTIG Research set a $205.00 price objective on Howmet Aerospace and gave the company a "buy" rating in a research note on Monday, August 4th. Zacks Research raised Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Bank of America increased their target price on Howmet Aerospace from $185.00 to $215.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Truist Financial increased their target price on Howmet Aerospace from $161.00 to $192.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, Morgan Stanley raised their price target on shares of Howmet Aerospace from $170.00 to $210.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average price target of $172.13.

Howmet Aerospace Stock Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.08 and a current ratio of 2.31. The firm has a market cap of $78.69 billion, a P/E ratio of 57.11, a P/E/G ratio of 2.50 and a beta of 1.45. The business's 50-day simple moving average is $181.73 and its 200 day simple moving average is $164.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the firm posted $0.67 EPS. The firm's revenue was up 9.2% on a year-over-year basis. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. As a group, equities analysts predict that Howmet Aerospace Inc. will post 3.27 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. This is a boost from Howmet Aerospace's previous quarterly dividend of $0.10. Howmet Aerospace's dividend payout ratio is 14.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HWM. Norges Bank purchased a new position in shares of Howmet Aerospace during the 2nd quarter worth $1,633,157,000. JPMorgan Chase & Co. lifted its stake in shares of Howmet Aerospace by 30.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 31,806,624 shares of the company's stock valued at $5,920,181,000 after buying an additional 7,356,077 shares in the last quarter. Nuveen LLC purchased a new position in shares of Howmet Aerospace during the 1st quarter valued at $366,209,000. American Century Companies Inc. lifted its stake in shares of Howmet Aerospace by 51.8% during the 2nd quarter. American Century Companies Inc. now owns 3,635,999 shares of the company's stock valued at $676,769,000 after buying an additional 1,240,071 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Howmet Aerospace during the 1st quarter valued at $147,251,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.

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