Freestone Grove Partners LP Makes New $79.48 Million Investment in Howmet Aerospace Inc. $HWM

Freestone Grove Partners LP bought a new stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 295,623 shares of the company’s stock, valued at approximately $79,481,000.

A number of other hedge funds have also recently made changes to their positions in HWM. Caisse de depot et placement du Quebec bought a new stake in shares of Howmet Aerospace in the second quarter worth $196,979,000. Sculptor Capital LP bought a new position in Howmet Aerospace during the 2nd quarter worth $66,140,000. Man Group plc acquired a new position in Howmet Aerospace during the 2nd quarter worth about $104,566,000. Invst LLC acquired a new position in Howmet Aerospace during the 2nd quarter worth about $617,000. Finally, Jupiter Topco LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter valued at about $2,065,086,000. 90.46% of the stock is owned by institutional investors and hedge funds.

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Howmet Aerospace Price Performance

HWM stock opened at $269.32 on Thursday. The stock has a market capitalization of $107.76 billion, a PE ratio of 58.04, a price-to-earnings-growth ratio of 1.89 and a beta of 1.20. The company’s 50-day moving average is $277.90 and its 200-day moving average is $260.14. 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 $170.81 and a 1 year high of $310.00.

Howmet Aerospace (NYSE:HWM – Get Free Report) last issued 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 return on equity of 33.91% and a net margin of 20.52%.The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the company posted $0.91 EPS. The firm’s revenue was up 24.1% compared to the same quarter last year. 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. Equities research analysts expect that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were issued a dividend of $0.14 per share. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Friday, August 7th. Howmet Aerospace’s dividend payout ratio is presently 12.07%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HWM. TD Cowen raised their price objective on Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Wells Fargo & Company reiterated an “outperform” rating and set a $315.00 price objective on shares of Howmet Aerospace in a research report on Monday, August 10th. Sanford C. Bernstein lifted their target price on shares of Howmet Aerospace from $318.00 to $328.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their price target on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and an average target price of $316.22.

Check Out Our Latest Report on HWM

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.

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