Howmet Aerospace (NYSE:HWM) Shares Gap Down – Here’s Why

Howmet Aerospace Inc. (NYSE:HWM) gapped down prior to trading on Tuesday . The stock had previously closed at $259.27, but opened at $242.81. Howmet Aerospace shares last traded at $240.6660, with a volume of 1,021,264 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on HWM. Wall Street Zen cut Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. Royal Bank Of Canada upped their target price on shares of Howmet Aerospace from $325.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $370.00 target price on shares of Howmet Aerospace in a report on Sunday, August 9th. TD Cowen lifted their price target on shares of Howmet Aerospace from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, Weiss Ratings raised shares of Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Howmet Aerospace has a consensus rating of “Moderate Buy” and a consensus price target of $316.22.

Howmet Aerospace Stock Down 6.2%

The firm has a 50-day moving average of $275.26 and a 200 day moving average of $261.28. 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 stock has a market capitalization of $97.34 billion, a price-to-earnings ratio of 52.43, a PEG ratio of 2.34 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last issued its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. The business had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. Howmet Aerospace’s revenue was up 24.1% on a year-over-year basis. During the same period last year, the business posted $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. As a group, sell-side analysts forecast that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Hedge Funds Weigh In On Howmet Aerospace

Several hedge funds and other institutional investors have recently made changes to their positions in HWM. Newbridge Financial Services Group Inc. grew its stake in shares of Howmet Aerospace by 119.7% during the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after buying an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC acquired a new stake in shares of Howmet Aerospace during the 4th quarter valued at $25,000. West Paces Advisors Inc. acquired a new stake in shares of Howmet Aerospace during the 2nd quarter valued at $27,000. Cornerstone Financial Management LLC bought a new stake in Howmet Aerospace during the 4th quarter worth $28,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in Howmet Aerospace by 65.1% in the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 137 shares of the company’s stock worth $28,000 after purchasing an additional 54 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.