Howmet Aerospace Inc. $HWM Holdings Trimmed by Covenant Asset Management LLC

Covenant Asset Management LLC trimmed its position in Howmet Aerospace Inc. (NYSE:HWM) by 19.5% in the third quarter, HoldingsChannel reports. The firm owned 38,237 shares of the company’s stock after selling 9,256 shares during the quarter. Howmet Aerospace accounts for about 1.2% of Covenant Asset Management LLC’s holdings, making the stock its 18th largest holding. Covenant Asset Management LLC’s holdings in Howmet Aerospace were worth $8,648,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. West Paces Advisors Inc. bought a new position in shares of Howmet Aerospace during the 2nd quarter worth approximately $27,000. Bartlett & CO. Wealth Management LLC boosted its stake in shares of Howmet Aerospace by 55.1% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 107 shares of the company’s stock worth $29,000 after buying an additional 38 shares during the last quarter. Markowski Investments purchased a new position in shares of Howmet Aerospace in the 2nd quarter worth approximately $29,000. Retirement Wealth Solutions LLC grew its holdings in shares of Howmet Aerospace by 328.1% in the third quarter. Retirement Wealth Solutions LLC now owns 137 shares of the company’s stock valued at $31,000 after acquiring an additional 105 shares in the last quarter. Finally, Wilkerson Advisory Group LLC grew its holdings in shares of Howmet Aerospace by 129.7% in the first quarter. Wilkerson Advisory Group LLC now owns 147 shares of the company’s stock valued at $34,000 after acquiring an additional 83 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on HWM. Jefferies Financial Group reaffirmed a “buy” rating and set a $370.00 price target (up from $340.00) on shares of Howmet Aerospace in a research report on Sunday, August 9th. Zacks Research downgraded Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 9th. Wall Street Zen downgraded Howmet Aerospace from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 5th. Citigroup reaffirmed a “buy” rating on shares of Howmet Aerospace in a research report on Wednesday, September 30th. Finally, TD Cowen decreased their target price on Howmet Aerospace from $320.00 to $280.00 and set a “buy” rating for the company in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.67.

Trending Headlines about Howmet Aerospace

Here are the key news stories impacting Howmet Aerospace this week:

• Positive Sentiment: Howmet declared a quarterly dividend of $0.14 per share, payable November 25 to shareholders of record November 6. The $0.56 annualized payout provides a 0.3% yield and signals continued confidence in cash generation, although the income contribution is modest. Howmet Aerospace Board Approves Common Stock Dividend
• Positive Sentiment: Goldman Sachs maintained its Buy rating, supporting the bullish view that Howmet’s aerospace exposure, aftermarket business and long-term growth prospects remain attractive. Goldman Sachs Keeps Their Buy Rating on Howmet Aerospace
• Positive Sentiment: A bullish investment thesis points to a commercial aerospace recovery, AI-related electricity demand and Howmet’s specialized, high-temperature components. Its technical expertise, regulatory barriers and recurring high-margin aftermarket revenue could support a multiyear growth trend. Howmet Aerospace: A Buy-The-Dip Opportunity In A Potential Multi-Year Up-Trend
• Neutral Sentiment: Investors are preparing for the next quarterly earnings report. The company’s prior quarter exceeded revenue and EPS expectations, while current guidance calls for third-quarter EPS of $1.34–$1.36 and full-year EPS of $5.23–$5.31. Howmet Aerospace’s Quarterly Earnings Preview
• Negative Sentiment: Deutsche Bank reduced its price target to $310 from $343. Although the revised target remains above the current share price, the cut may weigh on sentiment by signaling more limited near-term upside. Deutsche Bank Adjusts Price Target on Howmet Aerospace
• Negative Sentiment: Valuation commentary describes HWM as fairly valued on cash flow and argues that the stock needs a better entry point, highlighting the risk that its elevated earnings multiple already reflects substantial growth expectations. Howmet Aerospace: A Better Growth Mix Still Needs A Better Entry Point

Howmet Aerospace Stock Up 0.1%

HWM opened at $217.13 on Thursday. Howmet Aerospace Inc. has a twelve month low of $187.46 and a twelve month high of $310.00. The company’s 50-day moving average price is $247.83 and its two-hundred day moving average price is $257.15. The stock has a market cap of $86.87 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 1.95 and a beta of 1.21. The company has a quick ratio of 0.87, a current ratio of 1.82 and a debt-to-equity ratio of 0.71.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter last year, the business posted $0.91 EPS. Howmet Aerospace’s quarterly 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 analysts expect that Howmet Aerospace Inc. will post 5.34 earnings per share for the current year.

Howmet Aerospace Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, November 6th. Howmet Aerospace’s dividend payout ratio is 12.07%.

About Howmet Aerospace

Howmet Aerospace Inc (NYSE:HWM) is an aerospace and industrial products company that develops and manufactures advanced engineered components and systems. Its products are used primarily in commercial and defense aircraft, aircraft engines, and other transportation and industrial applications.

The company’s principal businesses include engine products, fastening systems, engineered structures, and forged wheels. Its offerings include forged and cast engine components, airfoils, titanium and nickel-based parts, aerospace structural components, specialized fasteners, and forged aluminum wheels for commercial transportation.