Portfolio Design Labs LLC acquired a new position in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,322 shares of the company’s stock, valued at approximately $2,237,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MUFG Securities EMEA plc boosted its stake in shares of Howmet Aerospace by 752.6% in the fourth quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company’s stock valued at $13,487,000 after purchasing an additional 58,067 shares during the period. M&T Bank Corp increased its stake in Howmet Aerospace by 75.0% during the 4th quarter. M&T Bank Corp now owns 42,975 shares of the company’s stock worth $8,810,000 after buying an additional 18,417 shares during the period. Sequoia Financial Advisors LLC increased its stake in Howmet Aerospace by 57.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company’s stock worth $2,909,000 after buying an additional 5,181 shares during the period. Bearing Point Capital LLC lifted its holdings in Howmet Aerospace by 9.5% during the 4th quarter. Bearing Point Capital LLC now owns 54,619 shares of the company’s stock worth $11,198,000 after buying an additional 4,757 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in Howmet Aerospace by 95.3% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 24,338 shares of the company’s stock worth $5,609,000 after buying an additional 11,878 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a research report on Wednesday, August 12th. BNP Paribas Exane reaffirmed an “outperform” rating and set a $340.00 price objective (up from $265.00) on shares of Howmet Aerospace in a research report on Friday, May 8th. UBS Group increased their price objective on Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Royal Bank Of Canada lifted their target price on Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. One 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $315.67.
Howmet Aerospace Stock Down 3.6%
Howmet Aerospace stock opened at $273.39 on Friday. Howmet Aerospace Inc. has a 1-year low of $170.24 and a 1-year high of $310.00. 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 stock has a market cap of $109.39 billion, a PE ratio of 58.92, a P/E/G ratio of 2.03 and a beta of 1.20. The stock’s fifty day moving average is $278.47 and its two-hundred day moving average is $258.53.
Howmet Aerospace (NYSE:HWM – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.09. The business had revenue of $2.55 billion during 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 quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, sell-side analysts expect that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.
Howmet Aerospace Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be paid a dividend of $0.14 per share. The ex-dividend date is Friday, August 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.07%.
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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