L2 Asset Management LLC Purchases Shares of 2,275 Howmet Aerospace Inc. $HWM

L2 Asset Management LLC purchased a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,275 shares of the company’s stock, valued at approximately $612,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of Howmet Aerospace during the second quarter valued at approximately $12,318,939,000. Norges Bank acquired a new stake in Howmet Aerospace in the fourth quarter worth approximately $1,793,698,000. Bank of New York Mellon Corp acquired a new stake in Howmet Aerospace in the second quarter worth approximately $1,099,765,000. Price T Rowe Associates Inc. MD boosted its stake in Howmet Aerospace by 27.0% during the 4th 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, Auto Owners Insurance Co boosted its stake in Howmet Aerospace by 20,402.0% during the 4th quarter. Auto Owners Insurance Co now owns 1,441,906 shares of the company’s stock valued at $29,562,000 after purchasing an additional 1,434,873 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HWM has been the topic of a number of research reports. Wall Street Zen downgraded Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. BTIG Research upped their price objective on Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a report on Monday, August 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $370.00 target price on shares of Howmet Aerospace in a research note on Sunday, August 9th. TD Cowen lifted their target price on Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Finally, UBS Group boosted their price target on shares of Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $316.22.

Howmet Aerospace Trading Up 0.3%

Howmet Aerospace stock opened at $264.17 on Wednesday. The firm has a market cap of $105.70 billion, a price-to-earnings ratio of 56.93, a price-to-earnings-growth ratio of 1.88 and a beta of 1.20. Howmet Aerospace Inc. has a 1 year low of $170.81 and a 1 year high of $310.00. The firm’s 50 day moving average price is $278.18 and its two-hundred day moving average price is $259.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82.

Howmet Aerospace (NYSE:HWM) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.33 EPS for the quarter, beating 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 company’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. On average, research analysts predict that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 25th. Stockholders of record on Friday, August 7th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend 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 currently 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.