Howmet Aerospace (NYSE:HWM) Shares Up 1.4% – Here’s What Happened

by · The Cerbat Gem

Shares of Howmet Aerospace Inc. (NYSE:HWM – Get Free Report) were up 1.4% on Friday. The stock traded as high as $233.42 and last traded at $232.6170. Approximately 2,183,901 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 2,734,229 shares. The stock had previously closed at $229.38.

Analysts Set New Price Targets

HWM has been the subject of several research reports. UBS Group lifted their price target on Howmet Aerospace from $299.00 to $326.00 and gave the company a “neutral” rating in a report on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of Howmet Aerospace from $310.00 to $350.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Royal Bank Of Canada lifted 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. TD Cowen boosted their target price 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, Susquehanna increased their price target 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. 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, the stock currently has a consensus rating of “Buy” and an average target price of $318.00.

Get Our Latest Stock Report on HWM

Howmet Aerospace Price Performance

The stock has a 50 day moving average of $263.69 and a two-hundred day moving average of $258.62. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. The firm has a market capitalization of $93.07 billion, a P/E ratio of 50.13, a P/E/G ratio of 2.03 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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 in the prior year, the business earned $0.91 earnings per share. The company’s revenue 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. Sell-side analysts predict that Howmet Aerospace Inc. will post 5.33 earnings per share for the current fiscal year.

Howmet Aerospace Increases Dividend

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

Institutional Trading of Howmet Aerospace

Several hedge funds have recently added to or reduced their stakes in HWM. BlackRock Inc. bought a new stake in shares of Howmet Aerospace in the second quarter valued at approximately $12,318,939,000. State Street Corp raised its stake in Howmet Aerospace by 3.3% during the 2nd quarter. State Street Corp now owns 18,933,928 shares of the company’s stock valued at $5,090,576,000 after purchasing an additional 612,866 shares during the last quarter. Bank of America Corp DE bought a new stake in Howmet Aerospace in the 2nd quarter valued at $2,766,806,000. Geode Capital Management LLC grew its position in Howmet Aerospace by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 11,307,538 shares of the company’s stock worth $2,316,277,000 after purchasing an additional 221,775 shares during the last quarter. Finally, Jupiter Topco LLC bought a new position in shares of Howmet Aerospace during the 2nd quarter worth about $2,065,086,000. Institutional investors own 90.46% of the company’s stock.

About Howmet Aerospace

(Get Free Report)

Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial manufacturer that develops and produces engineered components for commercial and defense aircraft, as well as products for transportation, energy and other industrial markets. Its offerings include aircraft engine components, airframe structures, fastening systems and forged aluminum wheels for commercial transportation.

The company’s aerospace products include turbine airfoils, engine casings, structural components and other specialized parts designed to support aircraft performance and efficiency.

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