Howmet Aerospace (NYSE:HWM) Raised to "Strong-Buy" at Zacks Research

Key Points

• Zacks Research upgraded Howmet Aerospace to “strong buy” from “hold.” The broader analyst consensus is “Moderate Buy,” with a consensus price target of $315.67.
• Howmet’s latest quarterly results exceeded expectations, with adjusted EPS of $1.33 versus the $1.24 consensus and revenue of $2.55 billion versus $2.43 billion expected. Revenue increased 24.1% year over year.
• The stock opened at $282.54 and has gained 0.3%, while institutional investors own approximately 90.46% of outstanding shares.

Howmet Aerospace (NYSE:HWM - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report issued on Wednesday,Zacks.com reports.

Several other research firms have also issued reports on HWM. Jefferies Financial Group reaffirmed a "buy" rating and issued a $370.00 target price on shares of Howmet Aerospace in a report on Sunday. Wells Fargo & Company restated an "outperform" rating and issued a $315.00 price objective on shares of Howmet Aerospace in a research note on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $320.00 target price on shares of Howmet Aerospace in a research report on Friday, May 8th. 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 report on Monday, July 13th. Finally, BNP Paribas Exane restated an "outperform" rating and set a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of "Moderate Buy" and a consensus price target of $315.67.

Howmet Aerospace Stock Up 0.3%

Howmet Aerospace stock opened at $282.54 on Wednesday. Howmet Aerospace has a fifty-two week low of $169.45 and a fifty-two week high of $310.00. The stock has a market cap of $113.05 billion, a PE ratio of 60.89, a price-to-earnings-growth ratio of 2.01 and a beta of 1.20. The firm's 50-day simple moving average is $275.29 and its 200 day simple moving average is $255.92. 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 data 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. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The firm's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS. 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. Research analysts predict that Howmet Aerospace will post 5.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in shares of Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company's stock worth $279,000 after acquiring an additional 130 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Howmet Aerospace in the first quarter valued at $399,000. Sivia Capital Partners LLC purchased a new position in shares of Howmet Aerospace in the second quarter valued at $216,000. Brown Advisory Inc. raised its stake in shares of Howmet Aerospace by 31.0% during the 2nd quarter. Brown Advisory Inc. now owns 4,180 shares of the company's stock valued at $778,000 after purchasing an additional 990 shares during the period. Finally, Cary Street Partners Financial LLC bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at $145,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

About Howmet Aerospace

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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