Westpac Banking Corp bought a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 21,890 shares of the company’s stock, valued at approximately $5,885,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HWM. 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 last quarter. Acumen Wealth Advisors LLC acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $25,000. West Paces Advisors Inc. purchased a new stake in Howmet Aerospace in the 2nd quarter valued at approximately $27,000. Cornerstone Financial Management LLC purchased a new stake in Howmet Aerospace in the 4th quarter valued at approximately $28,000. Finally, Vermillion & White Wealth Management Group LLC grew its holdings in Howmet Aerospace by 65.1% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock valued at $28,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on HWM shares. UBS Group raised their price target on Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada upped their price objective on Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. BTIG Research increased their price objective on Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Jefferies Financial Group reiterated a “buy” rating and set a $370.00 price objective on shares of Howmet Aerospace in a research report on Sunday, August 9th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $315.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $315.67.
Howmet Aerospace Stock Down 0.8%
Shares of NYSE HWM opened at $271.58 on Friday. The firm has a market cap of $108.66 billion, a P/E ratio of 58.53, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. Howmet Aerospace Inc. has a 1 year low of $170.24 and a 1 year high of $310.00. The firm’s 50 day moving average price is $278.62 and its 200 day moving average price is $258.62.
Howmet Aerospace (NYSE:HWM – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.09. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period in the previous year, the firm posted $0.91 EPS. Howmet Aerospace’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. As a group, sell-side analysts anticipate that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.
Howmet Aerospace Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, August 7th. 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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