Sterling Capital Management LLC lessened its position in Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 23.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,876 shares of the company’s stock after selling 5,045 shares during the period. Sterling Capital Management LLC’s holdings in Howmet Aerospace were worth $3,817,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Howmet Aerospace during the second quarter valued at approximately $12,318,939,000. Bank of America Corp DE purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $2,766,806,000. Jupiter Topco LLC purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $2,065,086,000. Bank of New York Mellon Corp purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $1,099,765,000. Finally, Legal & General Group Plc purchased a new position in Howmet Aerospace in the 2nd quarter worth approximately $580,991,000. Institutional investors own 90.46% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on HWM shares. Guggenheim assumed coverage on Howmet Aerospace in a research report on Monday, September 14th. They issued a “buy” rating and a $350.00 price objective on the stock. Wells Fargo & Company reduced their target price on Howmet Aerospace from $315.00 to $255.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft boosted their price target on Howmet Aerospace from $338.00 to $343.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings raised Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. Finally, UBS Group upped their price target on Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus target price of $310.29.
Read Our Latest Stock Report on HWM
Howmet Aerospace Stock Performance
Shares of NYSE HWM opened at $185.74 on Friday. The firm’s 50-day moving average price is $237.27 and its 200-day moving average price is $255.88. Howmet Aerospace Inc. has a 52-week low of $183.52 and a 52-week high of $310.00. The company has a market cap of $74.32 billion, a PE ratio of 40.03, a PEG ratio of 1.67 and a beta of 1.21. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71.
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 for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The firm’s quarterly 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, analysts anticipate that Howmet Aerospace Inc. will post 5.34 EPS for the current year.
Howmet Aerospace Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Friday, November 6th will be issued a $0.14 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.56 annualized dividend and a yield of 0.3%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.07%.
Howmet Aerospace Profile
Howmet Aerospace Inc (NYSE:HWM) is a global manufacturer of advanced engineered products and materials primarily serving the aerospace, defense, commercial transportation and industrial markets. The company develops components designed to operate in demanding environments where strength, durability and weight reduction are important.
Howmet’s product portfolio includes aircraft engine components, airframe structures, titanium and nickel-based forgings, fastening systems and wheels for commercial vehicles.
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