Zacks Research upgraded shares of Howmet Aerospace (NYSE:HWM – Free Report) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.
HWM has been the topic of a number of other reports. Citigroup restated a “buy” rating on shares of Howmet Aerospace in a research report on Wednesday. Susquehanna upped their price objective on Howmet Aerospace from $330.00 to $340.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Wall Street Zen cut Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. BTIG Research boosted their price objective on shares of Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $370.00 price target on shares of Howmet Aerospace in a research note on Sunday. One equities research analyst has 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $315.67.
Get Our Latest Stock Analysis on HWM
Howmet Aerospace Stock Performance
Howmet Aerospace (NYSE:HWM – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The firm had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period last year, the firm posted $0.91 EPS. The company’s revenue was up 24.1% on a year-over-year basis. 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.
Howmet Aerospace Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, August 7th. Howmet Aerospace’s payout ratio is currently 12.07%.
Hedge Funds Weigh In On Howmet Aerospace
A number of institutional investors have recently made changes to their positions in HWM. West Paces Advisors Inc. purchased a new position in Howmet Aerospace in the 2nd quarter valued at about $27,000. Bartlett & CO. Wealth Management LLC raised its holdings in Howmet Aerospace by 55.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock valued at $29,000 after acquiring an additional 38 shares during the last quarter. Acumen Wealth Advisors LLC acquired a new stake in shares of Howmet Aerospace during the fourth quarter worth $25,000. Newbridge Financial Services Group Inc. grew its position in shares of Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after purchasing an additional 73 shares during the period. Finally, Vermillion & White Wealth Management Group LLC lifted its position in Howmet Aerospace by 65.1% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after buying an additional 54 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.
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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