Howmet Aerospace (NYSE:HWM) Given New $280.00 Price Target at TD Cowen

Howmet Aerospace (NYSE:HWM) had its target price cut by TD Cowen from $320.00 to $280.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price target points to a potential upside of 24.52% from the stock’s previous close.

HWM has been the subject of several other reports. Weiss Ratings raised Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 19th. Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Wells Fargo & Company decreased their price target on Howmet Aerospace from $315.00 to $255.00 and set an “equal weight” rating for the company in a report on Wednesday, September 30th. Citigroup reissued a “buy” rating on shares of Howmet Aerospace in a research report on Wednesday, September 30th. Finally, JPMorgan Chase & Co. raised their price objective on Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $311.16.

Howmet Aerospace Stock Up 1.0%

Shares of NYSE HWM traded up $2.31 during mid-day trading on Friday, reaching $224.87. 613,728 shares of the company’s stock traded hands, compared to its average volume of 2,709,000. 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 has a 50-day simple moving average of $253.23 and a 200 day simple moving average of $257.62. The stock has a market cap of $89.97 billion, a P/E ratio of 48.47, a PEG ratio of 2.01 and a beta of 1.21. Howmet Aerospace has a 1-year low of $183.83 and a 1-year high of $310.00.

Howmet Aerospace (NYSE:HWM) last posted its 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. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The firm’s revenue was up 24.1% compared to the same quarter last year. 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, analysts expect that Howmet Aerospace will post 5.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HWM. BlackRock Inc. purchased a new position in shares of Howmet Aerospace in the 2nd quarter worth about $12,318,939,000. Bank of America Corp DE bought a new position in Howmet Aerospace during the second quarter valued at about $2,766,806,000. Jupiter Topco LLC purchased a new stake in Howmet Aerospace during the second quarter worth about $2,065,086,000. Bank of New York Mellon Corp purchased a new stake in Howmet Aerospace during the second quarter worth about $1,099,765,000. Finally, Legal & General Group Plc bought a new stake in Howmet Aerospace in the second quarter worth about $580,991,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Company Profile

Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company’s principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.