Howmet Aerospace (NYSE:HWM) Reaches New 1-Year High – Here’s What Happened

Howmet Aerospace Inc. (NYSE:HWM)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $293.00 and last traded at $291.3330, with a volume of 174393 shares changing hands. The stock had previously closed at $287.09.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $320.00 target price on shares of Howmet Aerospace in a research report on Friday, May 8th. Citigroup upped their price target on Howmet Aerospace from $303.00 to $311.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $315.00 price objective on shares of Howmet Aerospace in a report on Friday, May 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Friday, July 17th. Finally, Wells Fargo & Company started coverage on shares of Howmet Aerospace in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $240.00 target price on the stock. Eighteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Howmet Aerospace currently has an average rating of “Moderate Buy” and an average price target of $293.21.

Howmet Aerospace Trading Up 0.8%

The company has a debt-to-equity ratio of 0.73, a current ratio of 2.44 and a quick ratio of 1.59. The stock has a 50-day moving average price of $266.93 and a two-hundred day moving average price of $248.98. The stock has a market cap of $115.75 billion, a PE ratio of 67.38, a price-to-earnings-growth ratio of 2.20 and a beta of 1.19.

Howmet Aerospace (NYSE:HWM) last posted its earnings results on Thursday, May 7th. The company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.11. Howmet Aerospace had a return on equity of 29.27% and a net margin of 20.23%.The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Howmet Aerospace has set its FY 2026 guidance at 4.880-5.000 EPS and its Q2 2026 guidance at 1.220-1.240 EPS. Sell-side analysts forecast that Howmet Aerospace Inc. will post 5.05 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Neil Edward Marchuk sold 41,932 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $269.50, for a total transaction of $11,300,674.00. Following the sale, the executive vice president directly owned 65,105 shares of the company’s stock, valued at $17,545,797.50. This represents a 39.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HWM. Newbridge Financial Services Group Inc. increased its position in Howmet Aerospace by 119.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 134 shares of the company’s stock worth $25,000 after purchasing an additional 73 shares during the last quarter. Acumen Wealth Advisors LLC purchased a new position in shares of Howmet Aerospace in the 4th quarter worth $25,000. West Paces Advisors Inc. purchased a new position in shares of Howmet Aerospace in the 2nd quarter worth $27,000. Sound Income Strategies LLC increased its holdings in shares of Howmet Aerospace by 66.7% in the 4th quarter. Sound Income Strategies LLC now owns 125 shares of the company’s stock worth $28,000 after buying an additional 50 shares during the last quarter. Finally, Cornerstone Financial Management LLC bought a new stake in shares of Howmet Aerospace in the 4th quarter worth about $28,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

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.