Howmet Aerospace Target of Unusually High Options Trading (NYSE:HWM)

Key Points

• Howmet Aerospace saw unusually high put-option activity on Monday, with 8,120 puts purchased—about 184% above its typical volume.
• Analysts remain broadly bullish, with a consensus “Moderate Buy” rating and an average price target of $316.22; JPMorgan and BTIG recently raised their targets to $350 and $340, respectively.
• Shares fell $19.01 to $245.84, despite the company beating quarterly earnings and revenue estimates and increasing its quarterly dividend from $0.12 to $0.14.

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report) was the target of some unusual options trading activity on Monday. Stock investors purchased 8,120 put options on the company. This represents an increase of approximately 184% compared to the typical volume of 2,864 put options.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, August 10th. Wall Street Zen downgraded shares of Howmet Aerospace from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 5th. BTIG Research boosted their target price on Howmet Aerospace from $300.00 to $340.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $320.00 price objective on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, TD Cowen boosted their target price on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Monday, July 13th. One investment 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. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $316.22.

Howmet Aerospace Stock Performance

Shares of HWM stock traded down $19.01 during trading on Monday, hitting $245.84. The company's stock had a trading volume of 1,255,429 shares, compared to its average volume of 2,559,235. The company has a market cap of $98.36 billion, a PE ratio of 52.98, a P/E/G ratio of 1.89 and a beta of 1.20. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $277.41 and a 200-day moving average of $260.72. Howmet Aerospace has a 52 week low of $170.81 and a 52 week high of $310.00.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.24 by $0.09. The company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The business's revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, research analysts anticipate that Howmet Aerospace will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were given a $0.14 dividend. This is an increase from Howmet Aerospace's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 7th. Howmet Aerospace's dividend payout ratio (DPR) is 12.07%.

Institutional Investors Weigh In On Howmet Aerospace

A number of hedge funds and other institutional investors have recently bought and sold shares of HWM. California State Teachers Retirement System grew its position in shares of Howmet Aerospace by 28,132.2% in the second quarter. California State Teachers Retirement System now owns 163,590,287 shares of the company's stock valued at $43,982,885,000 after purchasing an additional 163,010,842 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Howmet Aerospace during the 2nd quarter valued at $12,318,939,000. Bank of America Corp DE purchased a new stake in Howmet Aerospace during the 2nd quarter worth about $2,766,806,000. Norges Bank purchased a new stake in Howmet Aerospace during the 4th quarter worth about $1,793,698,000. Finally, Jupiter Topco LLC bought a new position in Howmet Aerospace in the 2nd quarter worth about $2,065,086,000. Institutional investors own 90.46% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source