Public Employees Retirement System of Ohio Makes New $42.53 Million Investment in Howmet Aerospace Inc. $HWM

Public Employees Retirement System of Ohio bought a new position in shares of Howmet Aerospace Inc. (NYSE:HWM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 158,174 shares of the company’s stock, valued at approximately $42,527,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. acquired a new position in Howmet Aerospace in the 2nd quarter worth about $12,318,939,000. Bank of America Corp DE purchased a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $2,766,806,000. Norges Bank acquired a new position in shares of Howmet Aerospace during the 4th quarter worth approximately $1,793,698,000. Jupiter Topco LLC purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at approximately $2,065,086,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at approximately $1,099,765,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Down 0.7%

HWM opened at $267.52 on Friday. The firm has a market capitalization of $107.04 billion, a price-to-earnings ratio of 57.65, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company’s 50 day simple moving average is $277.68 and its two-hundred day simple moving average is $260.45. Howmet Aerospace Inc. has a 1-year low of $170.81 and a 1-year high of $310.00. 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 (NYSE:HWM) last posted its quarterly 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 analysts’ expectations of $2.43 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The business’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. Analysts expect that Howmet Aerospace Inc. will post 5.33 EPS for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a report on Wednesday, August 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $370.00 target price on shares of Howmet Aerospace in a research report on Sunday, August 9th. Susquehanna boosted their target price on shares of Howmet Aerospace from $330.00 to $340.00 and gave the stock a “positive” rating in a research note on Friday, August 7th. Zacks Research raised shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a $315.00 price objective on shares of Howmet Aerospace in a report 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $316.22.

Howmet Aerospace Company Profile

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.