EFG International AG purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 34,022 shares of the company’s stock, valued at approximately $9,149,000.
Other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Howmet Aerospace in the 2nd quarter worth approximately $12,318,939,000. Norges Bank acquired a new stake in Howmet Aerospace during the 4th quarter valued at $1,793,698,000. Bank of New York Mellon Corp acquired a new stake in Howmet Aerospace during the 2nd quarter valued at $1,099,765,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Howmet Aerospace by 27.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock valued at $3,409,936,000 after purchasing an additional 3,531,700 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Howmet Aerospace in the second quarter valued at $580,991,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on HWM shares. Zacks Research upgraded Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 12th. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a research note on Wednesday, August 12th. Morgan Stanley restated an “overweight” rating and set a $335.00 price objective on shares of Howmet Aerospace in a research report on Monday, August 10th. Royal Bank Of Canada lifted their target price on Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $320.00 target price on shares of Howmet Aerospace in a report on Friday, May 8th. 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $316.22.
Howmet Aerospace Stock Performance
Shares of HWM stock opened at $264.17 on Wednesday. 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 fifty-two week low of $170.81 and a fifty-two week high of $310.00. The stock’s 50-day moving average is $278.18 and its two-hundred day moving average is $259.72. The firm has a market cap of $105.70 billion, a P/E ratio of 56.93, a PEG ratio of 1.88 and a beta of 1.20.
Howmet Aerospace (NYSE:HWM – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.09. The company had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.43 billion. Howmet Aerospace had a return on equity of 33.91% and a net margin of 20.52%.The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the business earned $0.91 EPS. 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. Analysts predict 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 given a $0.14 dividend. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 7th. Howmet Aerospace’s payout ratio is presently 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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