Sumitomo Life Insurance Co. Makes New Investment in Howmet Aerospace Inc. $HWM

Sumitomo Life Insurance Co. acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,209 shares of the company’s stock, valued at approximately $3,283,000.

Several other large investors have also made changes to their positions in the business. Landscape Capital Management L.L.C. acquired a new position in Howmet Aerospace during the second quarter valued at $1,864,000. Korea Investment CORP purchased a new position in shares of Howmet Aerospace during the 2nd quarter valued at about $78,406,000. EP Wealth Advisors LLC acquired a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $1,888,000. Heartland Bank & Trust Co purchased a new stake in shares of Howmet Aerospace in the second quarter worth about $664,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of Howmet Aerospace in the second quarter worth about $112,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Howmet Aerospace Stock Performance

NYSE:HWM opened at $271.58 on Friday. 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 company has a fifty day moving average of $278.62 and a two-hundred day moving average of $258.62. The stock has a market capitalization of $108.66 billion, a PE ratio of 58.53, a P/E/G ratio of 1.96 and a beta of 1.20. Howmet Aerospace Inc. has a fifty-two week low of $170.24 and a fifty-two week high of $310.00.

Howmet Aerospace (NYSE:HWM) last posted its quarterly earnings data 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. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same period last year, the firm posted $0.91 earnings per share. The company’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, research analysts forecast 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 will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 0.2%. The ex-dividend date is 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

Several brokerages recently weighed in on HWM. Weiss Ratings upgraded Howmet Aerospace from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. UBS Group upped their price objective on Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Jefferies Financial Group reaffirmed a “buy” rating and set a $370.00 price objective on shares of Howmet Aerospace in a research note on Sunday, August 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $320.00 target price on shares of Howmet Aerospace in a report on Friday, May 8th. Finally, Zacks Research upgraded shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $315.67.

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.