Arizona State Retirement System Increases Stake in Howmet Aerospace Inc. $HWM

Arizona State Retirement System increased its stake in Howmet Aerospace Inc. (NYSE:HWM) by 6.3% during the second quarter, Holdings Channel.com reports. The firm owned 111,254 shares of the company’s stock after purchasing an additional 6,612 shares during the quarter. Arizona State Retirement System’s holdings in Howmet Aerospace were worth $29,912,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of Howmet Aerospace by 5.4% during the fourth quarter. Brighton Jones LLC now owns 2,548 shares of the company’s stock valued at $279,000 after buying an additional 130 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Howmet Aerospace during the 1st quarter valued at $399,000. Sivia Capital Partners LLC bought a new stake in shares of Howmet Aerospace in the 2nd quarter worth about $216,000. Brown Advisory Inc. boosted its position in shares of Howmet Aerospace by 31.0% during the second quarter. Brown Advisory Inc. now owns 4,180 shares of the company’s stock valued at $778,000 after buying an additional 990 shares during the period. Finally, Cary Street Partners Financial LLC purchased a new position in Howmet Aerospace during the 2nd quarter valued at $145,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Price Performance

Shares of Howmet Aerospace stock traded down $28.95 during trading hours on Tuesday, reaching $230.32. The stock had a trading volume of 11,666,532 shares, compared to its average volume of 2,691,714. The firm has a market capitalization of $92.15 billion, a PE ratio of 49.64, a PEG ratio of 2.34 and a beta of 1.19. The stock’s 50 day moving average is $274.48 and its 200 day moving average is $261.15. The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. Howmet Aerospace Inc. has a twelve month low of $176.32 and a twelve month high of $310.00.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings data 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 company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. During the same period last year, the company earned $0.91 earnings per share. Howmet Aerospace’s quarterly 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. Equities analysts expect that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Friday, August 7th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, August 7th. This is a positive change from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s payout ratio is presently 12.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HWM. Morgan Stanley reaffirmed an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. Jefferies Financial Group reissued a “buy” rating and set a $370.00 price target on shares of Howmet Aerospace in a research report on Sunday, August 9th. Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. Sanford C. Bernstein boosted their target price on shares of Howmet Aerospace from $318.00 to $328.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Finally, Royal Bank Of Canada increased their price objective on Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, August 7th. One research 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, Howmet Aerospace has an average rating of “Moderate Buy” and an average target price of $316.22.

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.