Howmet Aerospace (NYSE:HWM) Reaches New 1-Year High - Here's Why

Key Points

• Howmet Aerospace's share price hit a new 52-week high of $200.00 before closing at $194.90, reflecting strong trading activity with over 181,000 shares exchanged.
• Analysts are optimistic about the company, with several firms raising their price targets, including Bank of America which set a target of $215.00 and maintains a "buy" rating.
• The firm announced a quarterly dividend of $0.12 to be paid on November 25th, indicating a payout ratio of 14.04% and an annualized yield of 0.3%.

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $200.00 and last traded at $194.90, with a volume of 181391 shares changing hands. The stock had previously closed at $197.18.

Analysts Set New Price Targets

Several research firms recently weighed in on HWM. Bank of America raised their target price on shares of Howmet Aerospace from $185.00 to $215.00 and gave the company a "buy" rating in a research note on Tuesday, August 5th. BTIG Research set a $205.00 target price on Howmet Aerospace and gave the stock a "buy" rating in a report on Monday, August 4th. Vertical Research reaffirmed a "buy" rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Howmet Aerospace in a report on Monday, June 30th. Finally, JPMorgan Chase & Co. lifted their price target on Howmet Aerospace from $150.00 to $190.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Thirteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $181.92.

Howmet Aerospace Stock Down 2.7%

The company has a 50-day simple moving average of $184.19 and a 200-day simple moving average of $171.02. 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 firm has a market cap of $77.32 billion, a PE ratio of 56.08, a price-to-earnings-growth ratio of 2.50 and a beta of 1.45.

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 the consensus estimate of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm 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 earnings per share. The company'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. Analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Friday, November 7th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Howmet Aerospace's payout ratio is 14.04%.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds have recently made changes to their positions in the stock. Tradewinds Capital Management LLC lifted its stake in shares of Howmet Aerospace by 52.0% during the 3rd quarter. Tradewinds Capital Management LLC now owns 152 shares of the company's stock worth $30,000 after purchasing an additional 52 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Howmet Aerospace by 4.3% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,491 shares of the company's stock valued at $278,000 after acquiring an additional 61 shares during the period. Venturi Wealth Management LLC increased its position in shares of Howmet Aerospace by 3.1% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,093 shares of the company's stock valued at $390,000 after acquiring an additional 62 shares during the period. Rise Advisors LLC boosted its holdings in Howmet Aerospace by 32.4% in the first quarter. Rise Advisors LLC now owns 270 shares of the company's stock valued at $35,000 after purchasing an additional 66 shares during the last quarter. Finally, Hemington Wealth Management boosted its holdings in Howmet Aerospace by 25.9% in the second quarter. Hemington Wealth Management now owns 321 shares of the company's stock valued at $59,000 after purchasing an additional 66 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Howmet Aerospace Company Profile

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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