Oak Thistle LLC Purchases 9,099 Shares of Howmet Aerospace Inc. $HWM

Oak Thistle LLC lifted its position in shares of Howmet Aerospace Inc. (NYSE:HWMFree Report) by 376.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,519 shares of the company’s stock after purchasing an additional 9,099 shares during the quarter. Oak Thistle LLC’s holdings in Howmet Aerospace were worth $3,097,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. State Street Corp increased its stake in Howmet Aerospace by 2.2% during the 4th quarter. State Street Corp now owns 18,365,429 shares of the company’s stock valued at $3,765,280,000 after purchasing an additional 400,767 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Howmet Aerospace by 27.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock worth $3,409,936,000 after buying an additional 3,531,700 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Howmet Aerospace by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock valued at $2,316,277,000 after buying an additional 221,775 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Howmet Aerospace by 1.7% in the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company’s stock valued at $2,472,478,000 after buying an additional 177,533 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Howmet Aerospace during the fourth quarter valued at about $1,793,698,000. 90.46% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on HWM. Weiss Ratings downgraded shares of Howmet Aerospace from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Wednesday. TD Cowen lifted their price target on Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Monday, July 13th. Royal Bank Of Canada lifted their price target on Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Morgan Stanley reissued an “overweight” rating and set a $335.00 price objective on shares of Howmet Aerospace in a report on Monday. Seventeen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.67.

Read Our Latest Stock Report on HWM

Howmet Aerospace Stock Performance

NYSE HWM opened at $281.51 on Thursday. The company has a fifty day moving average price of $274.62 and a 200-day moving average price of $255.45. The firm has a market cap of $112.63 billion, a price-to-earnings ratio of 60.67, a PEG ratio of 2.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. Howmet Aerospace Inc. has a 1 year low of $169.45 and a 1 year high of $310.00.

Howmet Aerospace (NYSE:HWMGet Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.24 by $0.09. The firm had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter last year, the firm earned $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, equities research analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th will be given a $0.14 dividend. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 7th. Howmet Aerospace’s payout ratio is presently 12.07%.

About Howmet Aerospace

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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