Munich Reinsurance Co Stock Corp in Munich lifted its stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) by 2.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 199,452 shares of the company’s stock after purchasing an additional 4,030 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Howmet Aerospace were worth $53,625,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in HWM. Brighton Jones LLC increased its position in shares of Howmet Aerospace by 5.4% in the 4th quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after acquiring an additional 130 shares during the period. Acadian Asset Management LLC acquired a new stake in Howmet Aerospace during the 1st quarter worth about $399,000. Sivia Capital Partners LLC purchased a new stake in Howmet Aerospace during the 2nd quarter valued at about $216,000. Brown Advisory Inc. increased its holdings in shares of Howmet Aerospace by 31.0% in the second quarter. Brown Advisory Inc. now owns 4,180 shares of the company’s stock valued at $778,000 after purchasing an additional 990 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new position in shares of Howmet Aerospace in the second quarter worth about $145,000. 90.46% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on HWM shares. Weiss Ratings upgraded Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 19th. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a research report on Tuesday. Jefferies Financial Group restated a “buy” rating and set a $370.00 price objective on shares of Howmet Aerospace in a research note on Sunday, August 9th. Zacks Research raised shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $316.22.
Howmet Aerospace Trading Down 0.3%
Shares of NYSE:HWM opened at $259.61 on Friday. Howmet Aerospace Inc. has a 1 year low of $173.38 and a 1 year high of $310.00. The firm has a market capitalization of $103.87 billion, a price-to-earnings ratio of 55.95, a price-to-earnings-growth ratio of 2.35 and a beta of 1.19. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.82 and a quick ratio of 0.87. The business’s 50 day moving average price is $275.44 and its 200-day moving average price is $261.15.
Howmet Aerospace (NYSE:HWM – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping 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 the consensus estimate of $2.43 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue for the quarter 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. On average, equities research analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.
Howmet Aerospace Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Friday, August 7th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.2%. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, August 7th. Howmet Aerospace’s payout ratio is 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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