Howmet Aerospace (NYSE:HWM) Shares Down 1.7% – Here’s What Happened

Shares of Howmet Aerospace Inc. (NYSE:HWM) fell 1.7% during trading on Monday. The company traded as low as $227.00 and last traded at $228.45. Approximately 1,817,500 shares changed hands during trading, a decline of 33% from the average session volume of 2,730,378 shares. The stock had previously closed at $232.48.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HWM shares. Sanford C. Bernstein boosted their price target on shares of Howmet Aerospace from $318.00 to $328.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Morgan Stanley reissued an “overweight” rating and set a $335.00 target price on shares of Howmet Aerospace in a research note on Monday, August 10th. Zacks Research raised Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 12th. BTIG Research upped their price target on Howmet Aerospace from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Royal Bank Of Canada increased their price objective on Howmet Aerospace from $325.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Buy” and a consensus price target of $318.00.

Howmet Aerospace Stock Performance

The company has a current ratio of 1.82, a quick ratio of 0.87 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $91.41 billion, a PE ratio of 49.24, a PEG ratio of 2.10 and a beta of 1.19. The firm’s fifty day moving average price is $262.90 and its 200 day moving average price is $258.47.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. On average, research analysts anticipate that Howmet Aerospace Inc. will post 5.33 earnings per share for the current year.

Howmet Aerospace Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Howmet Aerospace during the second quarter worth $12,318,939,000. State Street Corp boosted its holdings in shares of Howmet Aerospace by 3.3% during the 2nd quarter. State Street Corp now owns 18,933,928 shares of the company’s stock worth $5,090,576,000 after buying an additional 612,866 shares during the period. Bank of America Corp DE increased its stake in shares of Howmet Aerospace by 1.7% in the first quarter. Bank of America Corp DE now owns 10,728,447 shares of the company’s stock worth $2,472,478,000 after purchasing an additional 177,533 shares during the period. Jupiter Topco LLC acquired a new position in shares of Howmet Aerospace during the 2nd quarter worth about $2,065,086,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Howmet Aerospace by 0.8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,713,190 shares of the company’s stock worth $966,298,000 after purchasing an additional 35,135 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

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.