Chase Investment Counsel Corp Takes Position in Howmet Aerospace Inc. $HWM

Chase Investment Counsel Corp bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWMFree Report) during the second quarter, Holdings Channel reports. The firm bought 42,758 shares of the company’s stock, valued at approximately $11,495,000. Howmet Aerospace accounts for 2.4% of Chase Investment Counsel Corp’s investment portfolio, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HWM. West Paces Advisors Inc. purchased a new stake in Howmet Aerospace during the second quarter worth about $27,000. Bartlett & CO. Wealth Management LLC boosted its stake in Howmet Aerospace by 55.1% in the second 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 purchased a new position in Howmet Aerospace in the fourth quarter valued at about $25,000. Newbridge Financial Services Group Inc. grew its position in shares of Howmet Aerospace by 119.7% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock valued at $25,000 after acquiring an additional 73 shares during the period. Finally, Vermillion & White Wealth Management Group LLC grew its position in shares of 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 acquiring an additional 54 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HWM has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Howmet Aerospace from $310.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $370.00 price objective on shares of Howmet Aerospace in a research note on Sunday, August 9th. Sanford C. Bernstein reissued an “outperform” rating and set a $318.00 price objective on shares of Howmet Aerospace in a report on Tuesday, June 16th. TD Cowen raised their target price on Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, UBS Group boosted their target price on Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $315.67.

Check Out Our Latest Report on Howmet Aerospace

Howmet Aerospace Price Performance

Shares of NYSE:HWM opened at $289.33 on Monday. The firm has a market capitalization of $115.76 billion, a PE ratio of 62.36, a P/E/G ratio of 2.07 and a beta of 1.20. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average price of $276.03 and a two-hundred day moving average price of $256.44. Howmet Aerospace Inc. has a twelve month low of $169.45 and a twelve month high of $310.00.

Howmet Aerospace (NYSE:HWMGet Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.91 earnings per share. 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 analysts forecast that Howmet Aerospace Inc. will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be paid a $0.14 dividend. The ex-dividend date is Friday, August 7th. This represents a $0.56 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio (DPR) is presently 12.07%.

Howmet Aerospace Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Howmet Aerospace (NYSE:HWM)

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