Howmet Aerospace (NYSE:HWM) Stock Price Up 1.2% - Here's What Happened

Key Points

• Howmet Aerospace shares rose 1.2% to $230.99, with trading volume 32% below the stock’s average daily volume.
• Analyst sentiment remains positive: the stock has a consensus “Buy” rating and a $318 price target, well above its recent trading price.
• The company beat quarterly expectations with $1.33 EPS and $2.55 billion in revenue, while increasing its quarterly dividend from $0.12 to $0.14 per share.

Howmet Aerospace Inc. (NYSE:HWM - Get Free Report)'s share price shot up 1.2% on Tuesday. The stock traded as high as $232.30 and last traded at $230.99. 1,841,806 shares were traded during trading, a decline of 32% from the average daily volume of 2,728,234 shares. The stock had previously closed at $228.32.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $335.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. Zacks Research upgraded Howmet Aerospace from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 12th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $370.00 price objective on shares of Howmet Aerospace in a research report on Sunday, August 9th. Royal Bank Of Canada boosted their target price on Howmet Aerospace from $325.00 to $350.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. Finally, Guggenheim began coverage on Howmet Aerospace in a research note on Monday, September 14th. They issued a "buy" rating and a $350.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Howmet Aerospace currently has a consensus rating of "Buy" and a consensus price target of $318.00.

Howmet Aerospace Stock Up 1.2%

The firm has a 50-day moving average price of $262.02 and a 200 day moving average price of $258.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. The company has a market cap of $92.42 billion, a price-to-earnings ratio of 49.78, a P/E/G ratio of 2.10 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 33.91% and a net margin of 20.52%.The firm's quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company 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. Sell-side analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Institutional Investors Weigh In On Howmet Aerospace

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new position in Howmet Aerospace in the 2nd quarter valued at about $12,318,939,000. Bank of America Corp DE bought a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $2,766,806,000. Jupiter Topco LLC acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $2,065,086,000. Bank of New York Mellon Corp acquired a new stake in shares of Howmet Aerospace during the 2nd quarter worth approximately $1,099,765,000. Finally, Legal & General Group Plc bought a new position in Howmet Aerospace in the second quarter valued at approximately $580,991,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Howmet Aerospace Company Profile

Howmet Aerospace Inc NYSE: HWM is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company's principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.

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