Howmet Aerospace (NYSE:HWM) Price Target Raised to $350.00

Howmet Aerospace (NYSE:HWM) had its price target boosted by JPMorgan Chase & Co. from $310.00 to $350.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

HWM has been the topic of several other reports. 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 research note on Friday, August 7th. Wells Fargo & Company restated an “outperform” rating and set a $315.00 price objective on shares of Howmet Aerospace in a research report on Monday. TD Cowen lifted their target price on shares of Howmet Aerospace from $300.00 to $320.00 and gave the company a “buy” rating in a report on Monday, July 13th. Citigroup upped their price target on shares of Howmet Aerospace from $303.00 to $311.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Finally, BTIG Research raised their price objective on shares of Howmet Aerospace from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Monday. Seventeen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus price target of $315.67.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $281.51 on Monday. The firm has a market cap of $112.63 billion, a P/E ratio of 60.67, a P/E/G ratio of 2.01 and a beta of 1.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.87 and a current ratio of 1.82. Howmet Aerospace has a one year low of $169.45 and a one year high of $310.00. The firm’s 50 day moving average price is $274.62 and its 200-day moving average price is $255.45.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.33 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 company had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.43 billion. During the same period in the prior year, the firm earned $0.91 earnings per share. 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. As a group, equities research analysts predict that Howmet Aerospace will post 5.33 EPS for the current year.

Howmet Aerospace Increases Dividend

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

Hedge Funds Weigh In On Howmet Aerospace

Large investors have recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Howmet Aerospace by 8.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 475,814 shares of the company’s stock worth $96,916,000 after purchasing an additional 36,195 shares during the period. MUFG Securities EMEA plc grew its position in shares of Howmet Aerospace by 752.6% in the fourth quarter. MUFG Securities EMEA plc now owns 65,783 shares of the company’s stock valued at $13,487,000 after purchasing an additional 58,067 shares during the period. M&T Bank Corp grew its position in shares of Howmet Aerospace by 75.0% in the fourth quarter. M&T Bank Corp now owns 42,975 shares of the company’s stock valued at $8,810,000 after purchasing an additional 18,417 shares during the period. Sequoia Financial Advisors LLC increased its stake in Howmet Aerospace by 57.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,190 shares of the company’s stock valued at $2,909,000 after purchasing an additional 5,181 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Howmet Aerospace by 9.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 315,508 shares of the company’s stock valued at $64,685,000 after purchasing an additional 28,217 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.