Sanctuary Advisors LLC purchased a new stake in Howmet Aerospace Inc. (NYSE:HWM – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,555 shares of the company’s stock, valued at approximately $7,408,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HWM. BlackRock Inc. bought a new position in shares of Howmet Aerospace in the 2nd quarter valued at about $12,318,939,000. Norges Bank acquired a new stake in shares of Howmet Aerospace during the 4th quarter worth approximately $1,793,698,000. Bank of New York Mellon Corp bought a new stake in shares of Howmet Aerospace during the second quarter worth approximately $1,099,765,000. Price T Rowe Associates Inc. MD raised its stake in shares of Howmet Aerospace by 27.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,632,206 shares of the company’s stock worth $3,409,936,000 after buying an additional 3,531,700 shares during the last quarter. Finally, Auto Owners Insurance Co lifted its holdings in Howmet Aerospace by 20,402.0% in the fourth quarter. Auto Owners Insurance Co now owns 1,441,906 shares of the company’s stock valued at $29,562,000 after buying an additional 1,434,873 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on HWM. Zacks Research raised shares of Howmet Aerospace from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 12th. Wells Fargo & Company reiterated an “outperform” rating and set a $315.00 target price on shares of Howmet Aerospace in a research report on Monday, August 10th. BNP Paribas Exane reissued an “outperform” rating and issued a $340.00 price target (up from $265.00) on shares of Howmet Aerospace in a research note on Friday, May 8th. UBS Group raised their price target on Howmet Aerospace from $299.00 to $326.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Wall Street Zen cut Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $316.22.
Howmet Aerospace Stock Down 3.1%
Shares of NYSE:HWM opened at $263.12 on Tuesday. Howmet Aerospace Inc. has a 52 week low of $170.81 and a 52 week high of $310.00. 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 market capitalization of $105.28 billion, a PE ratio of 56.71, a PEG ratio of 1.94 and a beta of 1.20. The company has a 50 day moving average price of $278.46 and a two-hundred day moving average price of $259.33.
Howmet Aerospace (NYSE:HWM – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.09. The company had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.43 billion. Howmet Aerospace had a net margin of 20.52% and a return on equity of 33.91%. The business’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. 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. Analysts forecast 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 will be paid on Tuesday, August 25th. Investors of record on Friday, August 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, August 7th. This is a boost from Howmet Aerospace’s previous quarterly dividend of $0.12. Howmet Aerospace’s dividend payout ratio (DPR) is 12.07%.
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.
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