Northwestern Mutual Wealth Management Co. Buys 6,567 Shares of Howmet Aerospace Inc. $HWM

Northwestern Mutual Wealth Management Co. raised its stake in Howmet Aerospace Inc. (NYSE:HWMFree Report) by 51.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,254 shares of the company’s stock after acquiring an additional 6,567 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Howmet Aerospace were worth $5,177,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of HWM. Newbridge Financial Services Group Inc. increased 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 worth $25,000 after purchasing an additional 73 shares during the period. Acumen Wealth Advisors LLC acquired a new position in Howmet Aerospace in the fourth quarter valued at about $25,000. West Paces Advisors Inc. bought a new stake in Howmet Aerospace during the second quarter worth about $27,000. Cornerstone Financial Management LLC bought a new stake in Howmet Aerospace during the fourth quarter worth about $28,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in Howmet Aerospace by 65.1% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after buying an additional 54 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Howmet Aerospace Trading Up 3.0%

Shares of HWM stock opened at $260.50 on Friday. The firm has a market capitalization of $104.23 billion, a P/E ratio of 56.14, a P/E/G ratio of 2.28 and a beta of 1.19. Howmet Aerospace Inc. has a twelve month low of $173.38 and a twelve month high of $310.00. 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 stock’s fifty day simple moving average is $275.61 and its 200 day simple moving average is $261.17.

Howmet Aerospace (NYSE:HWMGet Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.33 EPS 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 firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.43 billion. During the same period last year, the company earned $0.91 earnings per share. The business’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, sell-side analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen raised their target price on shares of Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $320.00 price target on shares of Howmet Aerospace in a research report on Friday, May 8th. Royal Bank Of Canada lifted their price objective on shares of Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Zacks Research upgraded shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Finally, Morgan Stanley restated an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. One 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 data from MarketBeat.com, Howmet Aerospace currently has an average rating of “Moderate Buy” and a consensus target price of $316.22.

View Our Latest Research Report on Howmet Aerospace

Howmet Aerospace 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.

See Also

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

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