Howmet Aerospace (NYSE:HWM) Hits New 52-Week High - Still a Buy?

Key Points

• Howmet Aerospace Inc. (NYSE:HWM) reached a new 52-week high of $194.16, indicating strong market performance with increased trading volume and a target price uplift from various analysts.
• The company recently increased its quarterly dividend to $0.12 per share, up from $0.10, reflecting confidence in its earnings growth and a low dividend payout ratio of 14.04%.
• Howmet Aerospace reported strong quarterly earnings results with earnings per share of $0.91, exceeding estimates, and a revenue increase of 9.2% compared to the same quarter last year.

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $194.16 and last traded at $193.82, with a volume of 106888 shares trading hands. The stock had previously closed at $192.15.

Wall Street Analyst Weigh In

HWM has been the subject of a number of recent research reports. Truist Financial upped their target price on Howmet Aerospace from $161.00 to $192.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Susquehanna upped their target price on Howmet Aerospace from $170.00 to $210.00 and gave the company a "positive" rating in a research note on Monday, July 14th. Barclays restated an "overweight" rating and issued a $190.00 target price (up from $140.00) on shares of Howmet Aerospace in a research note on Monday, August 4th. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Finally, JPMorgan Chase & Co. upped their price target on Howmet Aerospace from $150.00 to $190.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Howmet Aerospace currently has an average rating of "Moderate Buy" and a consensus target price of $172.13.

Howmet Aerospace Trading Up 0.0%

The firm has a market cap of $77.46 billion, a price-to-earnings ratio of 56.28, a P/E/G ratio of 2.46 and a beta of 1.45. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.31 and a quick ratio of 1.08. The business has a 50-day moving average of $181.37 and a 200-day moving average of $162.12.

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

Howmet Aerospace Increases Dividend

The company also recently disclosed 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 (DPR) is presently 14.04%.

Hedge Funds Weigh In On Howmet Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Traub Capital Management LLC acquired a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $25,000. Winnow Wealth LLC bought a new stake in Howmet Aerospace in the 2nd quarter valued at $25,000. Newbridge Financial Services Group Inc. lifted its holdings in Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company's stock valued at $25,000 after purchasing an additional 73 shares during the last quarter. Pinpoint Asset Management Ltd boosted its position in Howmet Aerospace by 42.8% during the first quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company's stock worth $31,000 after purchasing an additional 71 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of Howmet Aerospace in the second quarter valued at $32,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.